The food price crisis represents an enormous challenge to the leadership and legitimacy of the world's multilateral institutions, but is also a genuine opportunity to deliver long overdue reforms to the food and agriculture system. Those countries with the resources and power to deliver such reforms should take the lead, as they have done in trying to avert a
global financial crisis. This briefing note sets out a series of steps, both short- and medium-term, to deal with the current food crisis, and to put in place the reforms required to prevent future repetitions.