The New U.N. Shell Game

Jon Christian Ryter / NewsWithViews.com:
The UN's World Food program announced on April 22 the onset of what the WFP director, Josette Sheehan, described as a global food crisis that will require $770 million in additional funding to ease the global food "crisis." On May 1, UN Secretary-General Ban Ki-Moon announced that the World Food Program had only $18 million in cash-on-hand and was facing this new crisis with a shortfall it would not be able to overcome due to what Sheehan described as "...a silent tsunami in rising food prices that required a huge infusion of cash..." to meet the new demand in a world of rapidly escalating food prices. The only problem is, the WFP had a cash stockpile on hand of $1.22 billion—plus an additional $1.33 billion in current pledges from UN members.

Posted by Editor at May 7, 2008 03:51 AM