GFM Network News


NAFTA Washington talks said to leave major differences untouched

Washington | Reuters — Talks this week to update the North American Free Trade Agreement made some progress on less-controversial chapters and technical language, but did little to resolve deep differences on autos, dispute settlement and a five-year sunset clause, some participants said on Friday. The “intersessional” round in Washington, which did not include trade

More trade could end African food shortages

Reuters / Africa could avoid food shortages if it reduces the tangled web of rules, fees and high costs strangling regional food trade and by putting large swathes of uncultivated land to productive use, according to a World Bank report. Just five per cent of Africa’s cereal imports are now provided by African farmers, according

Oxfam urges World Bank to freeze land investments

Global development group Oxfam on Wednesday called on the World Bank to suspend financing for large-scale land acquisitions to ensure that its practices do not encourage foreign land grabs in developing countries. Oxfam urged Jim Yong Kim, the lender’s new president, to announce a six-month moratorium on land investments by the bank at meetings of

Food Prices Hit “Dangerous Levels”

World Bank chief Robert Zoellick says global food prices have reached “dangerous levels,” and warns that their impact could complicate fragile political and social conditions in the Middle East and Central Asia. World Bank data released on Feb. 15 showed higher food prices – mainly for wheat, maize, sugars and edible oils – have pushed

Africa, Caribbean Urged To Brace For Food Price Shocks

The World Bank and International Monetary Fund are warning poor regions that have so far not been hit by rising food prices, like sub-Saharan Africa and the Caribbean, to get ready to face them. Food price volatility is here to stay, the World Bank cautioned, amid growing worries there could be another full-blown food crisis

World Bank sees tougher times in developing nations

“What we’re now moving into is the phase where one has to look more broadly at the danger of developing country growth and there it depends on policies they take and the support we and others can give them.” With world attention trained on resolving a financial crisis in western economies, World Bank president Robert

Developing world leaders urge action on food

Developing world leaders said Sept. 23 that escalating food costs were exacting a heavy toll on the poor and called for global action to reverse the trend, which threatens to undermine economic growth. The impact of higher global food prices was raised by leaders in speeches to the annual United Nations General Assembly gathering, where