With the U.S. approving a $700 billion Wall Street bailout and the UK offering up £88 billion to bolster its banks, you can be forgiven for forgetting about that pesky food crisis in the developing world that dominated the news a few months back.
But the issue is still very much alive in the corridors of the World Bank, which released on Saturday a report entitled Rising Food and Fuel Prices: addressing the risks to future generations .
While the report is quick to point out that people around the world are starving, there is also a sentiment that as rich countries scramble to fund their own bailouts, there will be cutbacks in humanitarian aid funding.
What do you think: should government money go to multi-billion dollar bailouts or to feeding the world’s hungry?
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If the government does not fix the problem the “bailout” money is directed toward, it is every country for itself. You can forget about money flowing outward to any otherwise noble cause.
- Posted by Chris