Photo: The World Bank's president urges leaders not to ignore food inflationWorld Bank President: 'One Shock Away From Crisis' -- BBC
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.
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Update #1: Food price rises pushing millions into extreme poverty, World Bank warns -- The Guardian
Update #2: World Bank: Food prices have entered the 'danger zone' -- The Telegraph
My Comment: From my vantage point, that crisis is already here. Throw in one more bad year for crops .... this crisis will then become a disaster.
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