World Bank directs funds to fight food crisis

Canada News.Net
Thursday 29th May, 2008

The World Bank is about to direct money towards meals for vulnerable school children and farmer assistance, in a US$1.2 billion fund to help fight the global food crisis.

The bank's president Robert Zoellick has declared that higher food prices are putting people and countries in danger.

The World Bank donor action has come on top of a UN food agency forecast that food prices will remain high over the next decade.

Its new report says rice will be about 30 per cent more expensive while beef and pork will stay about 20 per cent higher.

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