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Man-made crisis pushing 100m into poverty
The World Bank chief warned on Tuesday that 100 million people have already been pushed into poverty due to a man-made food crisis while as many as two billion are on the verge of disaster.
“This is not a natural disaster,” said Robert B. Zoellick, president of the World Bank. “Make no mistake; there is nothing natural about this. But for millions of people it is a disaster.”
He noted that hunger and malnutrition were already the underlying causes of death of over 3.5 million children every year, robbing the future potential of many millions more.
In Washington, a US government commission is investigating claims that big investors who buy large quantities for future trading are largely responsible for the current unprecedented hike in food prices across the world.
The use of corn and soyabean as bio-fuel also contributed to this crisis by moving farmers away from food to cash crops and by driving food prices beyond the reach of common people.
After an annual meeting in Washington earlier this month, the bank warned that the world is facing an unprecedented food crisis which may cause riots and wars if not checked.
“The next few weeks are critical for addressing the food crisis,” said Mr Zoellick on Tuesday. “For 2 billion people, high food prices are now a matter of daily struggle, sacrifice and for too many, even survival.” More
“This is not a natural disaster,” said Robert B. Zoellick, president of the World Bank. “Make no mistake; there is nothing natural about this. But for millions of people it is a disaster.”
He noted that hunger and malnutrition were already the underlying causes of death of over 3.5 million children every year, robbing the future potential of many millions more.
In Washington, a US government commission is investigating claims that big investors who buy large quantities for future trading are largely responsible for the current unprecedented hike in food prices across the world.
The use of corn and soyabean as bio-fuel also contributed to this crisis by moving farmers away from food to cash crops and by driving food prices beyond the reach of common people.
After an annual meeting in Washington earlier this month, the bank warned that the world is facing an unprecedented food crisis which may cause riots and wars if not checked.
“The next few weeks are critical for addressing the food crisis,” said Mr Zoellick on Tuesday. “For 2 billion people, high food prices are now a matter of daily struggle, sacrifice and for too many, even survival.” More
posted by Whisleblower | 00:21:00
