The world only needs 30 billion dollars a year to eradicate the scourge of hunger

Time for talk over - Action needed Source: Noting that the time for talk was over and that action was urgently needed, FAO Director-General Jacques Diouf today appealed to world leaders for US$30 billion a year to re-launch agriculture and avert future threats of conflicts over food. In an impassioned speech at the opening of the Rome Summit called to de-fuse the current world food crisis, Dr Diouf noted that in 2006 the world spent US$1 200 billion on arms while food wasted in a single country could cost US$100 billion and excess consumption by the world’s obese amounted to US$20 billion.