Resources: South Asia and Food Price Crisis
"When prices of staples soar, the poor bear the brunt. Without global action, people in poor countries will be deprived of adequate and nutritious food, with tragic consequences for individuals and for the future prosperity of their countries."
Robert B. Zoellick, President of the World Bank Group - January 5, 2011
March 17, 2011: While South Asia navigated the financial crisis better than most regions, the region suffered the worst in terms of trade deterioration during previous food and fuel crises. With global food and fuel prices rising again, South Asia will be affected disproportionally. Regional inflation is already high and countries have limited fiscal space to maneuver.
About 75% of South Asia’s poor live in rural areas and agriculture sector employs about 60% of the labor force. The region has made enormous strides during and after green revolution in improving agricultural productivity. The revolution allowed the region to lift millions of people out of poverty. Agricultural growth during this period reduced poverty by raising farm incomes, increasing the demand for rural labor, and reducing food prices. In recent years, however, agricultural growth in South Asia has been less than 3%, far below the growth rates of other economic sectors.
The continuing increase in world food prices and the fact that the region is net importer of food has brought agriculture into focus in many South Asian countries.
South Asia Data
Comprehensive set of data about development in the Region
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2011 South Asia Regional Brief
South Asia has experienced a long period of robust economic growth, averaging 6% a year over the past 20 years.Read More »
World Bank in South Asia
For more information about World Bank activities in the Region. Read More »
South Asia Analysis and Research
Compilation of the World Bank's analysis and research on Pakistan. Read More »