WASHINGTON, February 15, 2011 – Rising food prices have driven an estimated 44 million people into poverty in developing countries since last June as food costs continue to rise to near 2008 levels, according to new World Bank Group numbers released ahead of the G20 Meeting of Finance Ministers and Central Bank Governors in Paris.
“Global food prices are rising to dangerous levels and threaten tens of millions of poor people around the world,” said World Bank Group President Robert B. Zoellick. “The price hike is already pushing millions of people into poverty, and putting stress on the most vulnerable, who spend more than half of their income on food.”
“Global food prices are rising to dangerous levels and threaten tens of millions of poor people around the world,” said World Bank Group President Robert B. Zoellick. “The price hike is already pushing millions of people into poverty, and putting stress on the most vulnerable, who spend more than half of their income on food.”
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