Food prices are the biggest threat today to the world’s poor, World Bank President Bob Zoellick told reporters at an April 16 press conference following the meeting of the Development Committee of the World Bank and IMF. “We are one shock away from a full-fledged crisis,” said Zoellick.
In their final communiqué, Committee members expressed concern that “overheating in some sectors, especially food and energy, is resulting in price pressures and volatility.”
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Food Crisis