World Bank looks to G8 Summit to quell food crisis fears
July 3, 2008

World Bank Group President, Robert Zoellick, has called on leaders of the G8 as well as the major oil producers to act now to deal with surging food and energy prices, warning that the world is now “entering a danger zone”. Mr Zoellick outlined his fears in a letter to the head of the imminent G8 summit in Japan, in which the World Bank, World Food Program (WFP) and International Monetary Fund estimate that about $10 billion is needed to meet short term needs of people hit hardest by... ...Read more »