BERNE: UN agencies and the World Bank will set up a task force on food to deal with the unprecedented rise in global food prices, the United Nations said on Tuesday.

“We consider that the dramatic escalation in food prices worldwide has evolved into an unprecedented challenge of global proportions that has become a crisis for the world’s most vulnerable, including the urban poor,” the UN said.

“The challenge is having multiple effects with its most serious impact unfolding as a crisis for the most vulnerable,” it said in a statement after a meeting of UN agency heads in the Swiss capital, Berne, to chart a solution to food price rises that have caused hunger, riots and hoarding in poor countries.

Higher costs of wheat, rice, and other staples have put extreme pressure on aid providers such as the World Food Programme, a UN agency aiming to feed 73 million people this year.

The World Bank said in a statement that it was considering setting up a rapid financing facility to help poor and fragile countries in particular and provide quicker, more flexible financing for others.—Reuters