Thursday 24 July 2008

World Bank backs “New Deal” for poor, hungry

The World Bank on Sunday launched a "New Deal" to fight hunger and poverty and urged governments to take action against a food crisis that has sparked deadly unrest in developing countries. A doubling of food prices over the past three years could push 100 million people in poorer developing countries further into poverty and governments must step in to tackle the issue, World Bank President Robert Zoellick said. "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," Zoellick was quoted by AFP as saying at the end of the World Bank spring meeting here.
(http://www.antara.co.id/en/arc/2008/4/14/world-bank-backs-new-deal-for-poor-hungry/)

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