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U.N. World Food Programme wins 2020 Nobel Peace Prize

The United Nations’ World Food Programme was announced the winner of the Nobel Peace Prize for its efforts to fight hunger across the world. Yahoo Finance’s Akiko Fujita weighs in.

Video Transcript

[MUSIC PLAYING]

JULIE HYMAN: It's time for "Word on the Street." We're gonna check in with our panelists, find out what stories they are watching.

The Nobel Peace Prize has been awarded to the United Nations World Food Program. And Akiko, on a related note, I know that you have been looking a lot at people who have been affected by the pandemic and who have been experiencing food insecurity.

AKIKO FUJITA: Yeah. And this is really just a good reminder to kind of turn that attention on those who have been affected by the virus the most.

When you look at the World Food Program and the Nobel Peace Prize committee, they talk about specifically why they awarded the prize to this group because of their efforts to combat world hunger and improve condition for peace. And the numbers really point to the enormous task this program has. In 2019, an estimated 135 million people facing life threatening food insecurity. That number is expected to nearly double this year as a result of the coronavirus. And I know we talk so much about the economy here in the US, but clearly, in developing countries, in many cases, the situation is much worse.

And it's important to look at this issue more holistically. Not just looking at the food insecurity, but the types of conflict and crisis that could lead to. So for example, when you look at poverty, these are issues that could include-- lead to conflict, uneven food distribution, poor governance, economic challenges.

You look at environmental issues. That also adds to food scarcity. And we're talking about climate change right now and how we're seeing the extreme climate really become worse and worse, not just in the US but globally as well.

So there's often a lot of disagreement about who actually gets the Peace Prize, but in this case, it seems quite timely just given what we have seen and witnessed globally over the last six or seven months.