The rapid rise in food prices could push 100 million people
in poor countries deeper into poverty, World Bank head, Robert
Zoellick, has said.
His warning follows that from the leader of the International
Monetary Fund, who said hundreds of thousands of people were
at risk of starvation.
Mr Zoellick proposed an action plan to boost long-run agricultural
production.
There have been food riots recently in a number of countries,
including Haiti, the Philippines and Egypt.
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"Based on a rough analysis, we estimate that a doubling
of food prices over the last three years could potentially push
100 million people in low-income countries deeper into poverty,"
Mr Zoellick said.
His proposal for a "new deal" to tackle the international
food crisis was endorsed by the World Bank's steering committee
of finance and development ministers at a meeting in Washington.
The World Bank and its sister organisation, the IMF have held
a weekend of meetings that addressed rising food and energy
prices as well as the credit crisis upsetting global financial
markets.
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