Recommended: Hunger alleviation fund

A little girl with a bowl of food. A report presented at the 45th annual Asian Development Bank meeting says food insecurity and inequality remain in the Asia and the Pacific despite rapid economic growth. Photo by: FMSC / CC BY

A new report presented at the 45th annual Asian Development Bank meeting recommends the creation of a fund for the poor when food prices go up.

The report, “Food Security and Poverty in Asia and the Pacific: Key Challenges and Policy Issues,” says governments in the region must find ways to reduce food waste, encourage rural development and provide well-targeted safety nets to ensure poor people don’t go hungry.

The report says food insecurity and inequality remain in the region despite rapid economic growth. And as the population is seemingly on its way to reach 9 billion by 2050, increased demand for food and water will further put a strain on the world’s shrinking resources. This is the same concern raised at the fourth U.N. World Water Development Report.

The proposed “hunger alleviation fund” will cover 1 percent of a country’s gross domestic product. Governments and the private sector could jointly manage the fund. Governments could encourage companies to contribute via incentives, such as tax breaks.

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About the author

  • Jenny Lei Ravelo

    Jenny Lei Ravelo is a Devex Senior Reporter based in Manila. She covers global health, with a particular focus on the World Health Organization, and other development and humanitarian aid trends in Asia Pacific. Prior to Devex, she wrote for ABS-CBN, one of the largest broadcasting networks in the Philippines, and was a copy editor for various international scientific journals. She received her journalism degree from the University of Santo Tomas.