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International Monetary Fund. External Relations Dept.

The IMF is helping low-income countries hit by high food prices take appropriate policy action while providing financial assistance to some of the worst-affected nations, Managing Director Dominique Strauss-Kahn said. In remarks prepared for a June 3-5 United Nations conference in Rome on world food security, Strauss-Kahn said that high food prices were stoking worldwide inflation and undercutting the economies of low-income countries, particularly in Africa. The IMF has doubled financial assistance to four low-income countries affected by food and fuel

David Dawe and Denis Drechsler

reduced access to food by lowering employment opportunities, remittances from abroad, development aid, foreign direct investment, and export opportunities. How can hunger be eliminated? Improving world food security calls for both measures for immediate relief and more fundamental structural changes. In the short term, safety nets and social protection programs must be improved to reach those most in need. In the medium and long term, the structural solution to hunger lies in increasing agricultural productivity to increase incomes and produce food at lower cost

International Monetary Fund. External Relations Dept.

. Despite some redeeming sentences in the article on the importance of women in poverty reduction, I am puzzled and saddened by its lack of scope. Lena Hash Program Officer, UNDP Dhaka, Bangladesh Wendy Ayres and Alex McCalla respond: We wholeheartedly agree that investing in women is essential for achieving household, national, and world food security. Investing in women’s education and health leads to better child nutrition, lower child mortality, and lower fertility. Furthermore, studies carried out in Kenya suggest that if rural women were

International Monetary Fund. Asia and Pacific Dept

Paper: Who is Most Vulnerable? Weather-Related Loss Events since 1990 and How Copenhagen Needs to Respond , Bonn Germanwatch Global Risk Index , 2014 , Who Suffers Most from Extreme Weather Events? Weather-Related Loss Events in 2012 and 1993 to 2012 Huq , S. , Ahmed , A.U. , and Koudstaal , R. , 1996 , “ Vulnerability of Bangladesh to Climate Change and Sea Level Rise ”, in T.E. Downing (Ed.), Climate Change and World Food Security , NATO ASI Series, I 37 , Springer-Verlag, Berlin, Hiedelberg , 1996 , pp. 347 – 379 . 10

International Monetary Fund

induce substantial upward pressure on the prices of these commodities. Cereals Global cereal stocks fell from the equivalent of 28 percent of utilization at the beginning of the 1987/88 crop year to 19 percent at the beginning of the 1989/90 crop year. By the end of 1989/90, cereal stocks are expected to fall further, to the equivalent of 17 percent of utilization—the percentage regarded by the Food and Agriculture Organization of the United Nations (FAO) as the minimum necessary to ensure world food security and the lowest percentage since the 1974/75 crop year

International Monetary Fund. Asia and Pacific Dept
This paper discusses three main issues: bank lending rates, impact of climate change on the economy of Bangladesh, and financial inclusion in Bangladesh. According to international standards, average bank lending rates and interest rate spreads in Bangladesh are not high. Various prudent policies have been implemented to bring interest rates down further. Bangladesh is considered among the top countries in the world for vulnerability to climate change, because of its geographical location and topography. The Bangladesh government has taken a number of initiatives to expand financial inclusion in the country. Financial inclusion helps increase the incomes of financially marginalized members of a society.
International Monetary Fund

spillovers, laying the foundations for improved supply over the medium term and enhanced food security for all. In this context, the Fund's actions are being coordinated with the United Nations, the World Bank and other partners. For food, a comprehensive Framework for Action (CFA) has been prepared by the UN Task Force on the Global Food Crisis to help coordinate policies, and all parties participated in the UN Food and Agricultural Organization (FAO) High-Level Conference on World Food Security that was held in Rome in early June. The forthcoming G-8 summit in July will

International Monetary Fund. External Relations Dept.
Food Price Crisis, Inflation Risks, Mark Plant, IMF and the Food Crisis, Multilateral Initiative, Middle East Regional OUtllok, Emerging Markets' Resilience, Côte d'Ivoire's Comeback, Ghana's Financial Reforms, Islamic Banks and Financial Stability, Report on IMF Governance, Tom Bernes, News Briefs.
International Monetary Fund

pledge made in 2009 in L’Aquila to support agriculture and food security with $3.8 billion in 2010–12; in 2010 alone, the European Commission had already committed over 50 percent ($2.02 billion) of its pledge. The European Commission is taking concerted action on food security. It is a major contributor to global food security governance—especially through its backing for reform of the Committee on World Food Security and for implementation of the Food Security agenda in the G8/G20 context. Food security is also a priority topic in the EU-US Development Dialogue

International Monetary Fund
This report provides a first broad assessment of the impact of the surge in food and fuel prices on the balance of payments, budgets, prices, and poverty of a large sample of countries. It reviews countries’ macroeconomic policy responses to date and also discusses Fund advice for managing the price increases. Policies should (i) ensure that food and finance reaches the most affected countries as quickly as possible, (ii) include targeted and scaled-up social measures, and (iii) avoid high costs in terms of macroeconomic instability or loss in future agricultural production. Collaborating with international partners, the Fund also stands ready to provide balance of payments assistance. As the paper presents an initial assessment of a still-evolving situation, the somewhat tentative nature of the analysis should be borne in mind.