Will Rising Prices Spark a Food Crisis in Latin America?
Recent protests in North Africa and the Middle East have been linked in part to rising food prices, which hit a record in January, according to the United Nations.
In an effort to stave off a looming ’food crisis,’ Bolivian Finance Minister Luis Arce said the country could tap into its $10 billion central bank reserves to boost agricultural production, while several vulnerable Central American governments have begun cutting import tariffs, freezing prices and subsidizing food, Reuters reported. Which Latin American countries are most at risk of a hunger crisis and possible social unrest? What steps should governments, businesses and NGOs take to mitigate rising food costs?