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World Bank president: ‘One shock away from crisis’

Posted By admin On April 18, 2011 @ 3:58 am In Featured Stories,Money Watch | Comments Disabled

BBC [1]
April 18, 2011

The president of the World Bank has warned that the world is “one shock away from a full-blown crisis”.

Robert Zoellick cited rising food prices as the main threat to poor nations who risk “losing a generation”.

He was speaking in Washington at the end of the spring meetings of the World Bank and International Monetary Fund.

Meanwhile, G20 finance chiefs, who also met in Washington, pledged financial support to help new governments in the Middle East and North Africa.

Mr Zoellick said such support was vital.

“The crisis in the Middle East and North Africa underscores how we need to put the conclusions from our latest world development report into practice. The report highlighted the importance of citizen security, justice and jobs,” he said.

Full article here [1]

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World Bank president: One shock away from crisis 161008pptv3 [3]

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URLs in this post:

[1] BBC: http://www.bbc.co.uk/news/business-13108166

[2] Stock up with Fresh Food that lasts with eFoodsDirect (AD): http://www.efoodsdirect.com/

[3] Image: http://prisonplanet.tv/

[4] American World Bank president defends U.S. monopoly on World Bank presidency: http://www.prisonplanet.com/american-world-bank-president-defends-u-s-monopoly-on-world-bank-presidency.html

[5] Rising food prices nearing danger point: World Bank: http://www.prisonplanet.com/rising-food-prices-nearing-danger-point-world-bank.html

[6] World Bank warns that euro collapse could spark global crisis: http://www.prisonplanet.com/world-bank-warns-that-euro-collapse-could-spark-global-crisis.html

[7] World Bank President Zoellick Says Surging Food Prices Have Pushed 44 Million People Into Extreme Poverty: http://www.prisonplanet.com/food-riots-threaten-latin-america-on-surging-commodities.html

[8] World Bank President: My Words Were Manipulated, I Don’t Support A Return To The Gold Standard: http://www.prisonplanet.com/world-bank-president-my-words-were-manipulated-i-dont-support-a-return-to-the-gold-standard.html

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