Tackling The Global Food Crisis

Russia’s war in Ukraine has exacerbated food insecurity that had already been on the rise for half a decade. Low-income countries are affected the most. This note suggests that the food and fertilizer price shock would add $9 billion in 2022 and 2023 to the import bills of the 48 most affected countries. The budgetary cost of protecting vulnerable households in these countries amounts to $5–7 billion. Strong and timely action on a global scale is needed to support vulnerable households through international humanitarian assistance and domestic fiscal measures; to maintain open trade; to enhance food production and distribution; and to invest in climate-resilient agriculture. The IMF has been stepping up its engagement to help tackle the global food crisis, working closely with partners, by providing policy advice, capacity building and financing. IMF financing is a third line of defense in meeting external financing needs associated with the global food shock, which should ideally be covered by donor grants and concessional borrowing from MDBs. A new food shock window under the emergency financing instruments is expected to be approved soon to further strengthen its lending response to the food crisis.

The global food crisis is a stark reminder of the fragility of the global food system. The Global Food Crisis: Governance Challenges and Opportunities captures the debate about how to go forward and examines the implications of the crisis for food security in the world’s poorest countries, both for the global environment and for the global rules and institutions that govern food and agriculture. In this volume, policy-makers and scholars assess the causes and consequences of the most recent food price volatility and examine the associated governance challenges and opportunities, including short-term emergency responses, the ecological dimensions of the crisis, and the longer-term goal of building sustainable global food systems. The recommendations include vastly increasing public investment in small-farm agriculture; reforming global food aid and food research institutions; establishing fairer international agricultural trade rules; promoting sustainable agricultural methods; placing agriculture higher on the post-Kyoto climate change agenda; revamping biofuel policies; and enhancing international agricultural policy-making. Co-published with the Centre for International Governance Innovation

Summary: "Millions across the world face the daily challenge to find enough food to survive. Hunger is on the rise globally, with more than 1.2 billion people suffering from food insecurity. Rising prices are further restricting food access. In this deeply informative study, Majda Bne Saad identifies the causes for global hunger embedded in the current global political and economic system and highlights the key challenges facing food deficit countries. She shows how Western countries share the blame for global hunger through their support for subsidies to agricultural production and biofuels, which have created new challenges to food security worldwide. Bne Saad argues that, as world population rises from 7 billion to 9.2 billion by 2050, there needs to be a 'second green revolution' to grow more food. She looks at the factors constraining low-income nations from achieving food security and considers policies which could generate income and enhance individuals' entitlement to food." -- Publisher's description.

Millions across the world face the daily challenge to find enough food to survive. Hunger is on the rise globally with more than 1.2 billion people suffering from food insecurity. Rising prices are further restricting food access.In this deeply informative study, Majda Bne Saad identifies the causes for global hunger embedded in the current global political and economic system and highlights the key challenges facing low income food deficit countries. She shows how Western countries share the blame for global hunger through their support for subsidies to agricultural production and biofuels, which have created new challenges to food security worldwide. Bne Saad argues that, as world population rises from 6.7 billion to 9.2 billion by 2050, there needs to be a "second green revolution" to grow more food. She looks at the factors constraining low-income nations from achieving food security and considers policies which could generate income and enhance individual entitlement to food.

This book provides a critical assessment of the contemporary global food system in light of the heightening food crisis, as evidence of its failure to achieve food security for the world's population. A key aspect of this failure is identified in the neoliberal strategies which emphasize industrial efficiencies, commodity production and free trade-ideologies that underlie agricultural and food policies in what are frequently referred to as 'developed countries'. The book examines both the contradictions in the global food system as well as the implications of existing ideologies of production associated with commodity industrial agriculture using evidence from relevant international case studies. The book's first section presents the context of the food crisis with contributions from leading international academics and food policy activists, including climate scientists, ecologists and social scientists. These contributions identify current contradictions in policy and practice that impede solutions to the food crisis. Set within this context, the second section assesses current conditions in the global food system, including economic viability, sustainability and productivity. Case study analyses of regions exposed to neoliberal policy at the production end of the system provide insights into both current challenges to feeding the world, as well as alternative strategies for creating a more just and moral food system.

Lays out a picture of impending planetary crisis - a global food shortage that threatens to hit by mid-century - that would dwarf any in our previous experience. This book describes a dangerous confluence of shortages - of water, land, energy, technology, and knowledge - combined with the increased demand created by population and economic growth

The global food crisis remains a major challenge. Food insecurity fueled by widely experienced increases in the cost of living has become a growing concern especially in low-income countries, even if price pressures on global food markets have softened somewhat since the onset of Russia’s war in Ukraine in February 2022. Targeted assistance to the most vulnerable households combined with policy measures to support trade and agriculture systems, including to better cope with climate shocks, can help countries withstand the fallout of the ongoing food crisis while building longer-term resilience. The IMF, working in close cooperation with other international organizations, has continued to contribute to international efforts to alleviate food insecurity by providing policy advice, capacity development, and financial support through Upper Credit Tranche Arrangements and the new Food Shock Window. New commitments to countries particularly affected by the global food crisis total $13.2 billion since February 2022, of which $3.7 billion has been disbursed as of March 2023.