By 2002, five years after the World Food Summit, the FAO reported that it was not possible to meet the objective of halving the numbers of the world hungry and eliminate its more extreme manifestations in starvations and famines by 2015. In 2002, basic food prices had fallen to two-thirds the level at which they were five years earlier. That was a time when food was cheap.
In 2002, declining basic food production per capita and a higher frequency of production shortfalls in poorer food-importing countries represented the hollow reasons as to why the human-right to food was not going to be met. Accompanying the quantitative trend, rising basic food imports per capita added to an already asphyxiating Least Developing Countries debt burden. Responding to this, the World Bank, the IMF, and the WTO contemplated setting up a financial institution that would lend to poorer countries at concessional interest rates so that they could offset hunger or, its extreme manifestation in famine, with adequate food imports.
Read more here: Another Famine in the Horn of Africa: Putting Hunger in Context.