What's New

The seventh joint report of the UNCTAD-OECD on G20 countries' investment policies was released on May 29. This report is released every seven months and looks at recent policy measures taken by G20 countries to determine possible impacts they may have on the global investment and economic situation. The report was called for during the 2011 Cannes Summit as part of the G20 leaders' commitment to reduce protectionist policies.

On June 18-19, leaders of the G20 will meet in Los Cabos, Mexico to continue addressing global challenges such as food security and food price volatility. The 2011 G20 Summit led to important steps to reduce price volatility, including the creation of the Excessive Food Price Variability Early Warning system and the Agricultural Market Information System (AMIS) . This year's summit will need to expand upon these steps in order to reach the goals of reduced volatility, poverty reduction, and global food security.

Economic growth in developing countries is often constrained by a lack of access to regional and global markets. Without reliable access to fair, transparent markets, the poor in developing countries stand little chance of escaping poverty and hunger. In recent years, the call for structural reforms of global markets has increased, focusing largely on protectionist trade policies such as export restrictions and tariffs.

Global food security is constantly impacted by many issues at the local, national, regional, and international levels - politics, agricultural market changes, fuel prices, weather conditions, war, speculation and trading, and many more. Keeping track of all of these developing issues is an overwhelming, but crucial, task for policymakers to appropriately address the needs of the world's food insecure populations.

On Friday November 4, G20 leaders issued a Cannes Summit Final Declaration , wrapping up the 2011 G20 Summit. Among the issues addressed at this year's summit was the challenge posed by food price volatility and its impact on global food security, as well as the need to create an international emergency humanitarian food reserve system. In this final statement, G20 leaders welcomed the plan of the Economic Community of Western African States (ECOWAS) to set up a regional emergency food reserve system as a pilot program.