Incoming Food Crisis Warns World Bank Head The president of the World Bank, Robert Zoellick, is warning people that a global food crisis is inevitable. He says that one major shock to the world food production process can lead to a massive crisis, and the increase of food prices is one of his major concerns.
Food price inflation, he cautions, may lead to the loss of a generation in some of the poorer countries around the world. He spoke in Washington D.C. after the World Bank held meetings with the International Monetary Fund. His statement included advice that it would be best to partner with Middle East leaders to help with food stability. He said that there is a crisis happening now in northern Africa and the Middle East that require changes to employment, justice and security. He warned that if people simply wait for stability in these regions, then important opportunities would be lost. The status quo rarely wins when revolutions start.
The head of the IMF, Dominique Strauss-Kahn, has stated that he fears for global recovery efforts. He notes that low employment rates among the youth are some other most alarming statistics when it comes to what’s going to affect and lead to a global food crisis. He said that as recovering areas of the world heal, a lot of people will be left without jobs. Due to youth unemployment, he said, an entire generation could be lost as they struggle to find jobs for themselves.