|
|
|
|
Search: 
Latin American Herald Tribune
Venezuela Overview
Venezuelan Embassies & Consulates Around The World
Sites/Blogs about Venezuela
Venezuelan Newspapers
Facts about Venezuela
Venezuela Tourism
Embassies in Caracas

Colombia Overview
Colombian Embassies & Consulates Around the World
Government Links
Embassies in Bogota
Media
Sites/Blogs about Colombia
Educational Institutions

Stocks

Commodities
Crude Oil
US Gasoline Prices
Natural Gas
Gold
Silver
Copper

Euro
UK Pound
Australia Dollar
Canada Dollar
Brazil Real
Mexico Peso
India Rupee

Antigua & Barbuda
Aruba
Barbados
Cayman Islands
Cuba
Curacao
Dominica

Grenada
Haiti
Jamaica
Saint Kitts and Nevis
Saint Lucia
Saint Vincent and the Grenadines

Belize
Costa Rica
El Salvador
Honduras
Nicaragua
Panama

Bahamas
Bermuda
Mexico

Argentina
Brazil
Chile
Guyana
Paraguay
Peru
Uruguay

What's New at LAHT?
Follow Us On Facebook
Follow Us On Twitter
Most Viewed on the Web
Popular on Twitter
Receive Our Daily Headlines


  HOME | Mexico

Mexican Government Says It Does Not Expect Food Crisis

MEXICO CITY – Mexico will not face a food crisis in the short term, but there are risks in the world environment of price rises, droughts and economic weakness that could affect nations with fewer resources, a Mexican government official told Efe.

“We’re not facing an imminent food crisis, but we can’t say that there are no risks, since these are latent on the world level,” Finance Secretariat coordinator of advisors Hugo Garduño said.

The situation in the markets and prices for agricultural products constitute one of the issues that will be discussed at the next meeting of vice ministers and vice governors of the G20, which will take place Sept. 22-23 in Mexico City, Garduño said.

The economies of many European countries are fragile, the U.S. economy is still not showing signs of greater dynamism overall and droughts have impacted the agricultural products markets, Garduño said.

“There are risks, there are droughts, there are countries with more weakness, and so we must think about rapid response mechanisms to mitigate those effects,” he said.

Countries have taken measures on an individual basis, but within the G20, which includes the main developed and emerging economies of the world, it is more complicated to adopt immediate reaction policies, the Finance Secretariat official said.

The G20 is an informal mechanism and the policy coordination agreements are not able to be immediately and simultaneously applied, but rather they are adopted taking into account the conditions and particular situations of each of the members, he said.

Each of the countries is continuously monitoring the evolution of the markets, reviewing the risks and taking internal measures, the Finance Secretariat official said.

“When more aggressive measures were taken it was the 2008 crisis,” Garduño said, adding that in 2011 during the French presidency of the G20 a Rapid Response forum was created by the group to analyze the situation of the agricultural markets.

In Mexico, the probability of a food crisis is low, since that “implies that a part of the population doesn’t have anything to eat,” he said, adding that the groups that find themselves in extreme poverty are the most vulnerable.

“In general terms, there is no risk of a food crisis in the short term and the government is preparing to attend to the needs and has launched special programs to attend to each one of the problems,” Garduño said.

In Mexico, there have been increases in the price of eggs and tortillas due – among other factors – to the impact of the bird flu and the reduction in the production of corn, Garduño said.

The G20 meeting will also discuss the economic issues that have been placed on the agenda, among which are the world situation and the fiscal sustainability of the nations with large debts, Garduño said.

The officials will also discuss the matter of reforms to the International Monetary Fund and infrastructure investments, among others things, he said. EFE


 

Enter your email address to subscribe to free headlines (and great cartoons so every email has a happy ending!) from the Latin American Herald Tribune:

 

Copyright Latin American Herald Tribune - 2005-2015 © All rights reserved