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From Yahoo News Top Stories |
1 IMF, WBank warn on high food prices, joblessness
by Paul Handley, AFP
2 hrs 41 mins ago
WASHINGTON (AFP) – The IMF and World Bank chiefs Thursday warned that high food prices and joblessness remain dangerous barriers to the world’s economic and social stability despite global macroeconomic gains.
World Bank president Robert Zoellick cited soaring food prices as “the biggest threat to the poor around the world.” “We are in a danger zone because prices have already gone up; stocks for many commodities are relatively low,” Zoellick said in a news conference opening the annual World Bank-International Monetary Fund spring meetings. |
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