Breaking Earth News
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, the World Bank president said last week. "This is not just a question about short-term needs, as important as those are. This is about ensuring that future generations don't pay a price, too...We have to put our money where our mouth is now so that we can put food into hungry mouths. It's as stark as that." The crisis could mean "seven lost years" in the fight against worldwide poverty. The food crisis attracted increasing attention at this weekend's spring meetings of the 185-nation World Bank and its twin institution, the International Monetary Fund, sparking loud warnings of dire consequences. "Food prices, if they go on like they are doing today ... the consequences will be terrible. As we know, learning from the past, those kind of questions sometimes end in war." Prices of rice, wheat, corn, cooking oil, milk and other foodstuffs have all risen sharply in recent months, sparking violent protests in many countries, including Egypt, Cameroon, Ivory Coast, Mauritania, Ethiopia, Madagascar, the Philippines and Indonesia. A World Bank report last week said global wheat prices jumped 181% over the 36 months to February, with overall food prices up 83%.
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