Why no bailout for the hungry?

Could all those bailout billions been put to better use? How about feeding poor, starving people?
From the Washington Post:
"The amount of money used for the bailouts in the U.S. and Europe -- people here are saying that money is enough to feed the poor in Africa for the next three years," said Stephen Muchiri, head of the Eastern Africa Farmers Federation.
No question: On its face, there is an obscene disparity between the trillions of dollars that will be spent by Western governments to keep financial markets from breaking down and the paltry $12.3 billion pledged in July by governments and other donors in Rome to tackle the world food crisis. Even just in the United States, the Department of Energy appears to see little problem with loaning GM $5 billion to purchase a nearly worthless Chrysler, but the White House couldn't find the cash to expand the State Children's Health Insurance Program from $5 billion to $12 billion a year so as to cover everyone. These are the kinds of funding gaps that drive caring people insane.
But suppose that the U.S. and various European governments had decided not to bail out their banking systems, and in consequence, credit markets completely collapsed and world trade ground to a halt. It's quite possible that global poverty and hunger would drastically worsen. If farmers have no access to credit, they are unable to pay for seed and fertilizer and labor. If shipping companies have no access to credit, food doesn't move across the oceans. If enough banks collapse, mass unemployment is sure to follow.
I do not mean to privilege one form of spending over another. I think one of the clear lessons from the efforts of governments to address the financial crisis is that when properly motivated, political leaders will throw astonishing amounts of money at a problem. If we can find $700 billion to bail out our banks, surely we can fund national health care and end starvation. But it's also not an either-or question. We would all likely be worse off, in Africa and the United States, if the wheels came completely off the global economy.
― Andrew Leonard

World Vision: Global Leaders ‘Dismally Off-Track’ for Reaching their Own Goals Addressing Poverty

‘Governments Lack Political Will to Implement Programs Preventing Millions of Child Deaths Each Year’. Humanitarian Agency Rededicating Efforts; Earmarking $450 Million for Maternal and Child Health Programs

New York, United States and Chennai, Tamil Nadu, India, Thursday, September 25, 2008 -- (Business Wire India) As the world’s leaders convene at the United Nations this week, one leading international humanitarian organization contends progress is “dismally off-track” for meeting 2015 goals for helping address poverty and injustice.“If the heads of state, business and financial leaders and others ignore our call and fail to act, the Millennium Development Goals will, quite simply, be unattainable,” says Dean R. Hirsch, president of World Vision International. “This month’s meeting is the last chance for the international community to demonstrate its resolve and honour its commitment to the world’s poorest people.”Hirsch noted that among all eight Millennium Development Goals (MDGs), reaching numbers four, five and six – reducing child mortality, improving maternal health and combating AIDS, malaria and other diseases - is foundational to addressing severe poverty in the developing world. Moreover, he noted nations have the resources, including food and medicine.“We have the solutions to implement and thereby prevent the deaths of millions of children each year,” says Hirsch, who is addressing world leaders and UN officials September 25 in a series of meetings on the MDGs. “But governments lack the political will.”The goals were established in 2000. Meetings this week at the UN are a reminder that world leaders are halfway to the date they set to accomplish the goals. For more information on each of the goals, visit, http://www.un.org/millenniumgoals/.

“Recognising that good health is fundamental to breaking the cycle of poverty, and is foundational to a child’s well being, World Vision has placed community-based maternal and child health at the core of our global health strategy, and we are investing heavily in efforts to help achieve MDGs 4, 5 and 6,” Hirsch said. That investment currently totals about $450 million on health. “World Vision is increasing it commitment with more money and more staff to more effectively target community-based maternal and child health and promote access to primary care,” Hirsch says. “We believe that in three years we can significantly reduce malnutrition for children under five and improve the health of up to five million children.”

Chennai, September 24, 2008: Speaking on the event from Chennai the National Director of World Vision India, Dr. Jayakumar Christian says, “In India, the situation is concerning.” The United Nations Children’s Fund has said that it is a “fundamental truth” that unless India and China achieve major improvements in health, nutrition, water and sanitation, education, gender equality and child protection, global efforts to reach the MDGs will fail.“We strongly urge the Prime Minister, who is attending the event to increase investment in the Integrated Child Development Scheme (ICDS) – the largest programme in the world focused on child survival and maternal health to move towards achievement of MDGs 4 and 5,” says Dr. Jayakumar, “All we are asking for is the promise of ‘universalisation of ICDS with quality’ made in the National Common Minimum Programme of the ruling coalition be kept – for the sake of India’s children.”Speaking at various forums on the MDGs, Hirsch notes that if national leaders accept responsibility for the inadequate progress towards the MDGs, and agree to replicate and scale up successes, there is “a genuine possibility of fulfilling the promises made to the world’s poorest people in 2000,” Hirsch says. “This is a moral imperative. Every child who dies in extreme poverty represents an unacceptable loss of human potential.”

Editor’s Note:For greater insight into progress – and lack thereof – in reaching the MDGs, see “Last Chance – Child Health and the Millennium Development Goals,” a report published this month by World Vision at http://www.globalempowerment.org/PolicyAdvocacy/pahome2.5.nsf/alleports/1979C3016C3D6DEF882574CD0021444D/$file/LastChance_WEB.pdf

For press backgrounder on World Vision India click here
Media contact detailsDean R. Owen- New York,World Vision,+1253.906.8645, dowen@worldvision.org
Joy Christina- Chennai,World Vision India,+91 98400 64165,
joy_christina@wvi.org