With skyrocketing food prices critically threatening the world’s poor, the World Bank on Wednesday called on the international community to mount a wide-ranging “New Deal” fight against hunger.
“We need a New Deal for Global Food Policy,” World Bank president Robert Zoellick said in a speech to a Washington think tank ahead of next week’s spring meetings of the World Bank and the International Monetary Fund. Referring to a 1930s US government program that tackled the problems of the Great Depression, Zoellick said that the new New Deal for Global Food Policy should start by helping those who are most immediately threatened with malnutrition and starvation.
Zoellick, who made agriculture a priority when he took office in July, urged countries to provide the minimum $500 million immediately sought by the World Food Program (WFP) to face the mounting food crisis. (The Economic Times)