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First, completing the long-stalled Doha Round of trade negotiations would remove policy-induced distortions that contribute to volatility, especially if negotiators could agree to limit the use of export bans.
Second, more flexible (untied) and longer-term donor commitments to the World Food Program would allow the WFP to buy food on future markets and avoid buying it when prices spike in the midst of a crisis, ensuring that WFP's resources stretch as far as possible.
Third, over the longer run, a new and improved green revolution is needed to ensure that food supplies are able to keep up with increasing demand from rapidly growing, and richer, developing countries.
The recent surge in food prices is only the latest sign of the obstacles along the road to feeding a global population zooming toward nine billion. If we make smart choices now, we can win the race to keep ahead of these challenges.
CGD blog posts reflect the views of the authors, drawing on prior research and experience in their areas of expertise. CGD is a nonpartisan, independent organization and does not take institutional positions.
Senator Bob Corker (R-TN) and Representative Ed Royce (R-CA) have teamed up with Democratic colleagues Senator Chris Coons (D-DE) and Representative Earl Blumenauer (D-OR) to introduce new legislation that would reform US international food aid to deliver more help to more people in crisis, faster.
As donors gather next week in Rome to pledge funds to the International Fund for Agriculture Development , they may be wondering where the United States is. Given the generally high marks this independent fund earns for development effectiveness, the uncertainty around a US pledge is troubling. In this “America First” moment, it’s worth asking when it comes to IFAD, what’s in it for the United States and what will be lost if the United States drops out?