Impact of changes in world prices for import and export commodities.
The ongoing crisis in the Horn of Africa has shown that the challenge of food insecurity is alive and well. The 2011 G20 meetings have paid particular attention to the issues of high food prices, food price volatility, and food insecurity. G20 leaders have established several action plans to address these important issues.
In preparation for the G20 Mexico Summit, several groups prepared recommendations and initiatives for the G20 Presidency.
The 2012 G20 Summit recognizes the importance of and interlinkages between issues such as economic stability, sustainable growth, climate change, and food security.