Take Next Step On Food Hedging Plan

“We are thrilled that the G-20 is taking the issue of financial risk management (i.e., hedging) seriously. … The next step is to translate this vision into operational reality,” Ben Leo and Vijaya Ramachandran of the Center for Global Development write on the CGD’s “Global Development: Views from the Center” blog. “We know that there are WFP staff who are eager to pursue these simple cost-saving and life-saving strategies. WFP management now has a green light to prepare a concept paper for the WFP board, which we hope will lead to one or more hedging pilots and a comprehensive strategy for advance purchases of food,” they state (6/29).