Quantcast
Latest Stories

Asian countries urged to set up ‘hunger fund’

By

The image of President Benigno Aquino III is shown on a giant screen as he delivers his message during the opening session of the 45th Annual Meeting of the Board of Governors of Asian Development Bank Friday at the Philippine International Convention Centers in Pasay City. AP

MANILA, Philippines—The Asian Development Bank called on member countries, including the Philippines, to each set up a “hunger alleviation fund” as poor Asians continue to go hungry despite dynamic growth in the region.

In a report titled “Food Security and Poverty in Asia and the Pacific,” ADB said governments must provide well-targeted safety nets to protect and feed the poor.

The report came out just as the Social Weather Stations released the results of its latest poll, which showed that more Filipino families considered themselves poor in terms of the type of food they eat.

Asia is still home to two-thirds of the world’s poor and more than three-fifths of the world’s underfed, chief economist Changyong Rhee said in a foreword to the ADB report.

“Progress in food security has been nearly stagnant since the mid-1990s and the absolute number of undernourished people in the region has increased as a result of rapid population growth,” Rhee said.

The report, which was released Friday, said  governments must find ways to reduce food waste and storage losses and encourage rural development.

Xianbin Yao, director general of ADB’s Pacific department, said in a briefing that, with the global population now exceeding seven billion, food security and the rise in food prices should be “something to be concerned about.”

Based on ADB estimates, 112 million people in Asia could have escaped poverty each year had prices not increased during the 2007-2008 food crisis, Yao added.

The ADB report proposed that a hunger alleviation fund amounting to one percent of a country’s gross domestic product be used when food prices grow beyond the reach of the poor.

“The funds could be jointly managed with the private sector, with companies encouraged to contribute using incentives such as tax breaks,” the report added. “Targeted subsidies would deliver help to those who need it most.”

Also, Yao called for a new growth paradigm that would focus on support for the agriculture sector to generate more income opportunities in rural areas.

He said rural development is critical in addressing hunger and, as with the Green Revolution of the 1970s, agricultural research focusing on biotechnology should be harnessed as a key tool in improving food security and reducing poverty.


Follow Us


Follow us on Facebook Follow on Twitter Follow on Twitter


Recent Stories:

Complete stories on our Digital Edition newsstand for tablets, netbooks and mobile phones; 14-issue free trial. About to step out? Get breaking alerts on your mobile.phone. Text ON INQ BREAKING to 4467, for Globe, Smart and Sun subscribers in the Philippines.

Tags: ADB , Asia , Asian Development Bank , Hunger , Poverty

  • Topioquin

    Hunger is all about the grasshopper and the ants.



Copyright © 2014, .
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City, Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94
Advertisement
  1. Filipina, 51, shot dead by 24-year-old American boyfriend
  2. 19 Ukrainians, Russians, Filipinas rescued in bar raid
  3. Hong Kong accepts PH apology; sanctions also lifted
  4. China and rivals sign naval pact to ease maritime tensions
  5. Believe it or not: Filipinos love US more than Yanks
  6. PH, HK end bitter row; sanctions lifted
  7. PH seeks ‘clearer assurance’ from US
  8. Obama arrives in Tokyo, first stop of 4-nation tour
  9. Palace thanks Estrada for successful HK mission
  10. US Secret Service in Manila ahead of Obama visit
  1. Filipina, 51, shot dead by 24-year-old American boyfriend
  2. Japan presents $57-B ‘dream plan’ to solve Metro congestion
  3. Hong Kong accepts PH apology; sanctions also lifted
  4. Japan says visa-free entry still a plan
  5. 85% of Filipinos love US – survey
  6. 10 US presidents who visited the PH (and what they said)
  7. WHO warns vs spread of MERS-Cov, urges vigilance in taking precautions
  8. 19 Ukrainians, Russians, Filipinas rescued in bar raid
  9. 150 Filipino teachers in Maryland to lose jobs, visas
  10. Japan mulls no visa rule for Filipinos
  1. US to China: We will protect Philippines
  2. Japan mulls no visa rule for Filipinos
  3. DFA grants visa-free privilege to 7 countries
  4. China warned: Don’t try to tow away BRP Sierra Madre
  5. Back home in Manila, and feeling out of place
  6. Filipina, 51, shot dead by 24-year-old American boyfriend
  7. Japan presents $57-B ‘dream plan’ to solve Metro congestion
  8. China: PH tarnishing Beijing’s international image
  9. What’s inside BRP Sierra Madre?
  10. Hong Kong accepts PH apology; sanctions also lifted
Advertisement

News

  • Smooth Edsa ride up in 2 years, but…
  • Obama: US will defend Japan vs China
  • Santiago accuses Lacson of fronting for Enrile, Gigi Reyes
  • Name names, Lacson told
  • Ukraine FM: We are ready to fight Russia
  • Sports

  • Sharapova advances to Stuttgart quarterfinals
  • Galedo caps ride of redemption
  • Beermen, Express dispute second semis slot today
  • Lady Agilas upset Lady Bulldogs in four sets
  • NLEX roars to 7th D-League win
  • Lifestyle

  • Marinduque: Visiting the ‘palm of the ocean’
  • First at Vatican in 60 years
  • How Jing Monis Salon gave Krissy the pixie
  • Want to be a supermodel? Work on your inner beauty, says Joey Espino
  • Denims that keep you cool–literally
  • Entertainment

  • Kristoffer Martin: from thug to gay teen
  • Has Ai Ai fallen deeply with ‘sireno?’
  • California court won’t review Jackson doctor case
  • Cris Villonco on play adapted from different medium
  • OMB exec’s assurance: We work 24/7
  • Business

  • How author of best-seller exposed ‘one percent’ economic elite
  • Bangko Sentral readies new bank lending rules
  • Gaming stocks gain, PSEi eases on profit-taking
  • Cebu Pacific flew 3.74M passengers as of March
  • Corporate bonds sweeteners
  • Technology

  • Vatican announces hashtag for April 27 canonizations
  • Enrile in Masters of the Universe, Lord of the Rings?
  • Top Traits of Digital Marketers
  • No truth to viral no-visa ‘chronicles’
  • ‘Unlimited’ Internet promos not really limitless; lawmakers call for probe
  • Opinion

  • Editorial Cartoon, April 25, 2014
  • No deal, Janet
  • Like making Al Capone a witness vs his gang
  • MERS-CoV and mothers
  • A graduation story
  • Global Nation

  • HK victims to get P115M; traders raised money
  • Afghan hospital guard kills 3 American doctors
  • Career diplomat is new PH consul general in Los Angeles
  • US4GG: Aquino should ask Obama for TPS approval, drone technology
  • Complex health care system for California’s elderly and poor explained
  • Marketplace