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).