ADB: Set up hunger alleviation fund to ensure food security for poor

Economic Times, May 4, 2012
MANILA: Concerned over the impact of rising prices of commodities on the poor, a report on food security released here today suggested a “hunger alleviation fund” by Asia and the Pacific nations to deal with the problem. 

The ‘Food Security and Poverty in Asia and the Pacific’ report, presented at the 5th Annual Meeting of the Board of Governors of Asian Development Bank (ADB) recommended, “the governments to set up a hunger alleviation fund, representing 1 per cent of a country’s gross domestic product, to be used when food prices grow beyond the reach of the poor”. 

“The planet is now home to seven billion people and rising. One of the key challenges for developing Asia will be ensuring food security in the face of competing rural demands, poor agricultural management, and climate change, while not compromising on equitable economic growth,” said Xianbin Yao, Director General of ADB’s Pacific Department. 

The report said the funds could be jointly managed with the private sector, with companies being encouraged to contribute, using incentives such as tax breaks. 

It also stressed upon the need for targeted subsidies for those who need it the most. 

It was also pointed out that reducing food waste and storage losses could close the gap between supply and demand by 15-25 per cent, and a second Green Revolution – one that relies on biotechnology to increase food production – is needed.

Food for all: investing in food security in Asia and the Pacific – issues, innovations, and practices

Food security is a critical issue for Asia and the Pacific. The region is the world’s key supplier and largest consumer of food yet it is also home to the largest number of the world’s poor and hungry. It presents a stark contrast—a food bowl that is full to the brim but cannot feed those who need food the most just to survive. To address food security in a sustainable manner, on 7–9 July 2010, the Asian Development Bank (ADB), Food and Agriculture Organization of the United Nations (FAO), and International Fund for Agricultural Development (IFAD) joined hands to convene the Investment Forum for Food Security in Asia and the Pacific at the ADB headquarters in Manila. This book distills the wealth of information and depth of discussions derived from the proceedings of this landmark forum. With this book, ADB seeks to facilitate the sharing of knowledge, innovations, good practices, and lessons on food security and to catalyze greater interest and action on the issue at every front.

  • Foreword
  • Introduction
  • A Multi-sector Response to Food Security
  • Food for All through Innovative Partnerships
  • Country Responses to Food Security
  • Fostering Food Security through Regional Cooperation and Integration
  • Investments for Enhancing Productivity
  • Investing in Natural Resource Management and Environment Services
  • Building Resilience Against Vulnerability
  • Innovative Financing for Food Security
  • Investments in Connectivity
  • Perspectives from Key Stakeholders
  • Road Map for Change
  • Appendix: Program of the Investment Forum for Food Security in Asia and the Pacific
Publication Date: 20/01/2012
Source: Asian Development Bank