Blog Contributor:

Sayo Ayodele

IMF & World Bank meetings highlight food crisis


Apr 21st, 2011 12:38 PM UTC
By Sayo Ayodele

devcom

The G20 finance ministers and central bank governors met last week in Washington, D.C., alongside the World Bank and IMF Spring Meetings, and released a communiqué detailing the outcomes. The G20 reiterated that their main objective is to “improve the living standards of all our citizens through strong economic and jobs growth.” Maintaining a focus on reducing global financial imbalances from the 2010 Seoul Summit, the ministers and governors also agreed to a set of guidelines and indicators that would standardize how countries are managing balance sheets.

(more…)

Speculation and food prices


Apr 13th, 2011 2:27 PM UTC
By Sayo Ayodele

Everyone, welcome Sayo Ayodele to the blog. She is the ONE UK’s new policy intern!

How can one win during a global food crisis? Gamble on global hunger. That’s what financial speculators did in 2008. While food riots raged on across some countries in the developing world, some financial companies were posting record profits from betting on the prices of these very goods. Are speculators at it again? Are they contributing to spikes and volatility in food prices, risking another global food crisis?

(more…)

RELATED VIDEO

Share the Proof