Global food security, innovation, and the investment gap with Maximo Torero UNFAO
Description
The cost living is an increasing global challenge. Food inflation in 2023 was 13.6%, however food prices increased by up to 30% in many low income countries. Currently 60-80% of voters consider food price as a decisive factor in their choice of candidate and across 60% of countries food costs represent more than 25% of the CPI basket.
Right now, 670 million people—8.2% of our global population—are going hungry. By 2030, projections show that 300 million people in Africa alone could face food insecurity. But here's the paradox: we have the technology, the knowledge, and the resources to address this crisis. So what's holding us back?
Food insecurity is never just about hunger. Throughout history, the impacts of food crises have freuquently included geopolitical instability, increased migration and conflcit.
Today we are joined by Maximo Torero, Chief Economist at FAO, where he is working to build resilient, inclusive, and sustainable agrifood systems. Previously Maximo served as served as Executive Director at the World Bank Group.
United States
