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World Bank expects more high
food prices
HARRY DUNPHY
AP
News
Tuesday, April 8, 2008
Rising food prices, which have caused social unrest in several
countries, are not a temporary phenomenon, but are likely to persist
for several years, World Bank President Robert Zoellick says.
Strong demand, change in diet and the use of biofuels as an alternative
source of energy have reduced world food stocks to a level bordering
on an emergency, he says.
Speaking to reporters Monday before the bank's spring meeting
this coming weekend, Zoellick said the 185-member World Bank would
work with other organizations to deal with the crisis by seeking
ways to help farmers, especially in Africa, to increase productivity
and improve access to food through schools or workplaces.
(Article continues below)
"This is not a this-year phenomenon," he said, referring
to the price spike. "I think it is going to continue for
some time."
Zoellick said bank forecasters looking at food prices have concluded
that a serious risk exists of a significant increase in poverty,
which for some countries will reverse gains made over the past
five to 10 years.
Full
article here.
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INFOWARS:
BECAUSE THERE'S A WAR ON FOR YOUR MIND
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