body#layout #main-top { display:none; } -->

Monday, 14 April 2008

IMF alert on starvation and civil unrest

THE poorest countries face starvation and civil unrest if global food prices keep rising, says the head of the International Monetary Fund, Dominique Strauss-Kahn.

Hundreds of thousands of people would starve, he said in Washington. "Children will be suffering from malnutrition, with consequences for all their lives."

He predicted that rising food prices would push up the cost of imports for poor countries, leading to trade imbalances that might also affect developed nations.

"It is not only a humanitarian question," he said.

Global food prices have risen sharply in recent months, driven by rising demand, poor weather and an increase in the area of land used to grow crops for biofuels.

The United Nations Food and Agriculture Organisation says 37 countries face food crises. The president of the World Bank, Robert Zoellick, urged members on Sunday to provide $US500 million ($540 million) by May 1 to help alleviate the problem.

There have been serious disturbances in more than a dozen developing countries, including Haiti, where a Nigerian peacekeeper serving with the United Nations police force was dragged from his car and shot dead as he was taking food to his colleagues on Saturday. More

Food Riots, Biofuels, Sub-Prime Debt and Economic Slavery