Cash-strapped G8 looks to private sector in hunger fight


WASHINGTON (Reuters) - Buffeted by the euro zone crisis and distracted by political problems at home, the leaders of the world's industrial powers turned to the private sector on Friday to help fight hunger and malnutrition for up to a billion people struggling with shortages, droughts and rising food prices.

U.S. President Barack Obama announced a new public-private partnership program involving some $3 billion (1 billion pounds) in corporate pledges, seeking to spur this weekend's summit of the wealthy Group of Eight nations to find new ways to help hardscrabble small-scale farmers in Africa - particularly women - who may hold the key to improved world food supplies.

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