"GLOBAL: Donor response to food crisis inadequate, agencies say"

Source: humanitarian news and analysis, UN Office for the Coordination of Humanitarian Affairs

I quote extensively:

Food security experts say international donors’ response to the world’s food crisis has been inadequate when compared to interventions to contain the global financial meltdown.

“Huge financial resources have been mobilised by the international community in a matter of days” in response to the global financial crisis, wrote Teresa Cavero in a report by the international NGO Oxfam released on 16 October – World Food Day.

While the US government put up US$700 billion to bail out financial institutions in one day, on 3 October, total global development aid for 2007 was $104 billion, according to Alexander Woollcombe, food security advocacy adviser at Oxfam in Dakar.

This year’s food crisis threw an additional 75 million people into hunger and poverty in 2007 according to the UN Food and Agriculture Organization (FAO). The World Bank estimates there are currently 967 million malnourished people in the world.