World Bank Head Raises Food Prices Alarm: ‘One Shock Away From a Full-Grown Crisis’
The International Monetary Fund and World Bank have held their spring meetings at the World Bank building in the US capital, Washington DC.
They discussed the outlook of the global economy, and the challenges that lie ahead.
It’s the fourth year of the global financial crisis, and the world economy is slowly picking up. But there are still great vulnerabilities and uncertainties.
That’s the message world financial leaders are sending out from their spring meeting.
World Bank President Robert Zoellick says the surge in food prices is the biggest threat to the world’s poor, pushing 44 million more people into poverty over the past year.
Robert Zoellick, World Bank President, said, “Of particular concern is food prices. This is the biggest threat today to the world’s poor, where we risk losing a generation. We are one shock away from a full-grown crisis. The financial crisis taught us that prevention is better than cure. We cannot afford to forget that lesson.”
Keep reading …
http://www.theblaze.com/stories/world-b … om-crisis/
If I accept this as true or accurate which is not so certain given the OP's record.
Food prices are controlled by the big corporations who are the vendors, logistics and the producers of most of what the west eats. Their supermarket retail fronts have driven all competetion out of business and now they control YOUR food supply. When the manufactured threat of terrorism wears off they will need a new overbearing worry to control people and this is one of the possibilities.
When the oil is nearly gone in the not too distant future there will be no escape left for anyone anywhere as you will be trapped under the weight of your negative equity house, unable to afford travel and your existence fine-tuned by the slave store supermarket near you.
by Stacie L 7 years ago
"ROME – U.S. Secretary of State Hillary Rodham Clinton warned Friday that global shortages of food and spiraling prices threaten widespread destabilization and is urging immediate action to forestall a repeat of the 2007 and 2008 crisis that led to riots in dozens of countries around the...
by freecampingaussie 5 years ago
What are food prices like where you are ? And where are you ?We found food to be very cheap in Little India Singapore/ Czez Republic but very very expensive in Switzerland - hardly buying anything here - A cabbage is almost 6 francs , meat is a luxury here ... We were buying meat elsewhere...
by Deforest 4 years ago
World Bank? Is it positive and encouraging for the world development or is it negative? Is it the end of the American hegemony?
by Austin Dawursk 6 years ago
I want to know the Hubpages communities opinion on war. And maybe this could be the start of a debate that can answer a lot of questions the government refuses to ask or answer.
by rickylicea 6 years ago
http://droughtmonitor.unl.edu/ (Map of Drought)"July 22 U.S. Department of Agriculture (USDA)reports indicated that 55 percent of the nation’s pasture andrangeland was in poor to very poor condition, breaking lastweek’s record."http://www.bloomberg.com/news/2012-07-2 …...
by pramodgokhale 5 years ago
BRICS-Bank-Is it viable alternative to World bank? Time will tell.Recently held meet in Durban of BRICS nation , it is proposed to set up a bank with 100 BL$ capital.It is too early to predict of such ventures. It may compete WB. The five nations of five continents will be really a multi cultural...
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