Friday, September 9, 2011

Food Emergency: How the World Bank and IMF Have Made African Famine Inevitable

Lending policies pushed by the World Bank and IMF transformed a self-sufficient, food-producing Africa into a continent vulnerable to food emergencies and famine.
 
Photo Credit: AFP
 
 
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“Why, in a world that produces more than enough food to feed everybody, do so many – one in seven of us – go hungry?”  -- Oxfam   
Famine is spreading like wildfire throughout the horn of Africa. As 12 million people battle hunger, the UN warns that 750,000 people in Somalia face imminent death from starvation over the next four months, in the absence of outside intervention. Over the course of just 90 days, an estimated 29,000 children under the age of five died in Southern Somalia, with another 640,000 children suffering from acute malnourishment.
In the rush to find a culprit to blame for the tragedy unfolding in East Africa, the mainstream news outlets attributed the cause to record droughts, a rise in food prices, biofuel production and land grabs by foreign investors with an added emphasis on the role of the Somali terrorist group Al-Shabaab. Yet these factors alone are not responsible for the famine; instead they have intensified an already dire hunger crisis that has persisted in Sub-Saharan Africa for decades, thanks to lending policies pushed by the World Bank and International Monetary Fund (IMF) that transformed a self-sufficient, food-producing Africa into a continent dependent on imports and food aid, leaving the continent vulnerable to food emergencies and famine.  

Food Emergency: How the World Bank and IMF Have Made African Famine Inevitable

Lending policies pushed by the World Bank and IMF transformed a self-sufficient, food-producing Africa into a continent vulnerable to food emergencies and famine.
 
Photo Credit: AFP