Business
World Bank denounces food export bans
Berne, Switzerland | May 09, 2008 12:01:13 AM IST
World Bank Group President Robert Zoellick called in Switzerland Tuesday for immediate action on food shortages and denounced the banning of food exports. Rice export bans, initiated by several countries this month, encourage hoarding, drive up prices and hurt the poorest people, Zoellick said in a statement released after a meeting of the U.N. System Chief Executives Board for Coordination in Berne, Switzerland. Zoellick called for $755 million in emergency funds. Roughly $475 million has been pledged, but pledges won't feed hungry mouths, he said. Donors must put their money on the table. He also called for a short, medium and long-term response to address world hunger. Responses should include increased food production, conditional cash transfer programs, studies on biofuels and action on the trade front, he said. (UPI)
60 per cent voting recorded in second phase of Karnataka polls Fire in Sodepur garments shop, 12 dead Second phase of polling in Karnataka ends Theft at Taj Mahal, close circuit TV cameras go missing 12 underground cadres killed in a factional clash in Nagaland Tibetans in India prepare for \'Olympics\' with sporting spirit sans hatred Scientists demand new modeling facility for providing better climate predictions Supreme Court stays Calcutta High Court order on OBC quota
| 
