Thursday, April 3, 2008

Bank urges 'new deal' on hunger

Bank urges 'new deal' on hunger

http://news.bbc.co.uk/2/hi/in_depth/7327647.stm

begin quote "The World Bank estimates 33 countries face potential social unrest because of rising food and energy prices."endquote

begin quote "Mr Zoellick said trade was also key to lowering food prices, and that a fairer and more open trade system would encourage farmers in developing countries to expand production.

He criticised what he described as "protectionism" and "isolationism" including by his own country, the US.

"The poor need lower food prices now. But the world's agricultural trading system is stuck in the past," he said.

"If ever there was a time to cut distorting agricultural subsidies and open markets for food imports it must be now."endquote

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