Finance

TICAD IV Agrees on a Blueprint for African Development [viewed]

Ticadiv_logo_230 May 2008: Representatives from 51 African countries, including 40 Heads of State and Government, joined Japanese Prime Minister Yasuo Fukuda from 28-30 May 2008, in Yokohama, Japan, to develop a framework for African growth at the Fourth Tokyo International Conference on African Development (TICAD IV).

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UNGA President-Elect to Prioritize Climate Change [viewed]

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4 June 2008: Miguel d'Escoto Brockmann (Nicaragua) was elected on

4 June 2008 to serve as President of the 63rd Session of the UN General

Assembly (UNGA), which will begin on 16 September 2008.

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World Bank Carbon Fund Project in Nicaragua Buying Carbon-Equivalent Emission Reductions [viewed]

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6 June 2008: The World Bank's Carbon Fund is facilitating a

US$8.37 million project in southern Nicaragua that plans to turn 600 hectares

of privately-owned former cattle ranches into new-growth teak forests. The Nicaragua Precious Woods Project began in August 2006,

and intends to absorb nearly 300,000 tons of carbon emissions by the year 2017

while conserving approximately 350 hectares of secondary forest and mature

trees.

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CGIAR Alliance Calls for Resurgence of Investment in Agricultural Research [viewed]

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3 June 2008: Speaking at the FAO High-Level Conference on

World Food Security, which convened in Rome, Italy, from 3-5 June 2008, Emile

Frison, Chair of the Alliance of Centres supported by the Consultative Group on

International Agricultural Research (CGIAR) and Director General of Bioversity

International, said that, among other factors, lack of investment in

agricultural research has contributed to the global food price crises. He

highlighted the importance of such investment, citing a World Bank report on

investment into agricultural development that found “an average internal rate

of return of 43 percent.”

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UN Committee on Economic, Social and Cultural Rights Adopts Statement on Food Crisis [viewed]

16 May 2008: The Committee on Economic, Social and Cultural

Rights of the UN Economic and Social Council adopted a statement on the world

food crisis, during its fortieth session on 16 May 2008. The statement

(E/C.12/2008/1) calls on all States to address the immediate causes of the food

crisis and urges them to address its structural causes at the national and

international levels, including by: “implementing strategies to combat global

climate change that do not negatively affect the right to adequate food and

freedom from hunger, but rather promote sustainable agriculture, as required by

article 2 of the United Nations Framework Convention on Climate Change.”

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UN Secretary-General Reports Task Force Recommendations at FAO Conference [viewed]

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3 June 2008: UN Secretary-General Ban

Ki-moon urged “bold and urgent steps” to tackle the global food crisis in his

statement to the FAO High-Level Conference on World Food Security, which

convened in Rome, Italy, from 3-5 June 2008. Noting that food production will

have to rise by 50% by the year 2030 to meet rising demand, he said “it is

important that our longer term focus is on improving world food security - and

remains so for some years.”

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FAO Director-General Calls for Investments in Agriculture [viewed]

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3 June 2008: In his opening statement to the High-Level

Conference on World Food Security in Rome, Italy, FAO Director-General Jacques

Diouf called on Heads of State to make urgently needed investments in

agriculture to address the global food crisis and ensure long term food security.

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UN World Food Programme Calls on Global Community to Address Collective Challenge of Food Security [viewed]

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June 2008: Josette Sheeran, Executive Director of the UN World Food Programme

(WFP), speaking at the FAO High-Level Conference on World Food Security, which

convened from 3-5 June 2008, warned that the global food crisis is threatening

to “plunge another 130 million people into life threatening hunger.” She said

the world has the means to defeat hunger, but high fuel and food prices

threaten to “short circuit” this potential by undoing many of the achievements

made towards global food security. She endorsed the UN Task Force's plan of

action and outlined the WFP's contributions towards its implementation, including

working with governments to assess needs and vulnerabilities at the household

level and scaling up safety net programmes.

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IFAD President Urges Scaling Up Support to Smallholder Farmers to Address Food Crisis [viewed]

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June 2008: Lennart Båge, President of the International Fund for Agricultural

Development (IFAD), told the High-Level Conference on World Food Security, at

its 3-5 June 2008 meeting in Rome, Italy, that “complacency” with food

surpluses has led to underinvestment in agriculture, for which the world is now

“literally paying the price.” Drawing attention to the under-utilized capacity

of smallholder farmers, he called for investments in rural agriculture,

including: improved access to essential inputs, such as seeds and fertilizer;

microfinance institutions; rural infrastructure; market linkages and access to

market information; and food processing.

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CBD COP 9 Cautions against Ocean Fertilization, Adopts Climate Change Related Decisions [viewed]

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May 2008: The ninth Conference of the Parties (COP 9) to the Convention on

Biological Diversity (CBD) was held from 19-30 May 2008, in Bonn, Germany. The

COP addressed a range of issues related to climate change, including ocean

fertilization, biofuels and biodiversity, and forest biodiversity. [Photo: COP 9 President Sigmar Gabriel gaveled the meeting to

a close at 9:00 pm]

 

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