The World Bank will be placing stronger emphasis on issues of land tenure and socially and environmentally sustainable agricultural investing, it announced Monday.
The world is in transition from an era of food abundance to one of scarcity. Over the last decade, world grain reserves have fallen by one third. World food prices have more than doubled, triggering a worldwide land rush and ushering in a new geopolitics of food.
Rice remains the most popular staple in Guinea, but the high price of imported rice is pushing many consumers in this West African country to change their diet. Farmers have responded by rapidly expanding the land area planted with an alternative food crop: cassava.
Rising corn prices in the United States brought about by biofuel mandates have cost developing countries 6.6 billion dollars over the past six years, according to new research released here on Wednesday.
The World Bank has rejected a call to suspend its involvement in large scale agricultural land acquisition following the release of a major report by the international aid agency Oxfam on the negative impact of international land speculation in developing countries.
After decreasing somewhat in recent months, international food prices have again risen dramatically, according to figures published on Thursday by the World Bank. Statistics for July indicate a 10 percent rise over just the previous month, and a six percent increase over already high prices from the same time frame a year ago.