IMF, World Bank & IFI Round-Up

A senior World Bank official called on Jan. 26 for more resources and greater focus to help the millions of hungry people in the world. The Bank's Managing Director Ngozi Okonjo-Iweala said on the opening of the two-day High Level Meeting on Food Security for All that with the food crisis still affecting millions of people in the world, the international community needs to boost its effort to help the poor and vulnerable feed themselves. "Food prices are now volatile and that factor, combined with the impact of the financial crisis, only serves to heighten the challenges confronting the developing world," Okonjo-Iweala] said. "Economic progress in developing countries could be set back a decade and fulfillment of the UN' Millennium goals threatened if industrialized nations do not do more."

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