Maris Research

The Importance of Food Banks in Alleviating Hunger

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Hunger knows no boundaries, and its ruinous effect is alarmingly similar whether it afflicts an impoverished community or a relatively wealthy area. Across the world, 690 million people go to bed hungry, and an estimated 14 million children under age five suffer from severe acute malnutrition, according to Action Against Hunger. Poverty, changes in climate, and political conflicts are all causes of this sad condition.

PIMCO has a long history of working to alleviate hunger. Through the PIMCO Foundation, employees have volunteered and donated to local food banks in Southern California and other cities where we have offices because we understand that it’s difficult to succeed – whether it’s raising a family, getting an education, or holding a job, if all your energy is focused on securing the most basic human need: food. I have also witnessed firsthand that simply providing lunches to impoverished children in rural South Africa has a direct impact on their learning and by extension educational success.

Hunger is a persistent problem, made worse by COVID-19, which is why PIMCO recently announced a substantial increase in its commitment to the Global FoodBanking Network (GFN), the world’s largest network of food banks. This builds on a significant investment we’ve

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