Bank managing director: Rising food prices will disrupt economic recovery

The 2011 Annual session of the World Economic Forum (Davos Forum) was held in Davos, Switzerland, from January 26 to 30th, and the theme of the 2011 Annual meeting was "common norms in the new situation".　　The four main topics of the annual meeting are: Responding to the new situation, economic prospects and formulating inclusive growth policies, supporting the 20 action plan and establishing a global risk response mechanism.　　 Around these issues, Sina Finance and Davos guests to open a dialogue, for you to analyze the post-crisis era, the global common values and norms in all aspects of reconstruction issues. ZURICH time January 27 afternoon (Beijing time January 28 morning) News, today's World Bank managing director Ngozi Okonjo Iweala and Sina Financial dialogue, pointed out that the forum on the biggest change and the problem is the price of food price increase discussion.　　She worries that a sharp rise in food prices will disrupt the economic recovery and exacerbate inflation.　　The price of the world's many basic livelihoods has exceeded its 2008-year peak, according to data released by the Food and Agriculture Organization of the United Nations 5th. This phenomenon has attracted the attention of the World Bank.　　World Bank President Robert Zoellick has pointed out that the group of 20 should take pragmatic and coordinated measures to ensure that vulnerable groups in poor countries do not get the food and nutrition they need because of rising food prices. "Countries should be prompted to seek a system of global governance to deal with rising food prices and food safety issues." Today Iweala also stressed.　　She believes that food prices in many countries will undoubtedly be a factor in disrupting economic recovery and will exacerbate inflation. The bank recommends that countries achieve this policy goal by strengthening long-term climate forecasting, deepening research on the linkage between international food prices and domestic food prices in poor countries, and perfecting the social security system. (Jessie from Davos, Switzerland)