TV News LIES

Tuesday, Jan 24th

Last update05:20:13 AM GMT

You are here News Economy World Bank president: 'One shock away from crisis'

World Bank president: 'One shock away from crisis'

E-mail Print PDF

Robert ZoelickThe president of the World Bank has warned that the world is "one shock away from a full-blown crisis". Robert Zoellick cited rising food prices as the main threat to poor nations who risk "losing a generation".

He was speaking in Washington at the end of the spring meetings of the World Bank and International Monetary Fund. Meanwhile, G20 finance chiefs, who also met in Washington, pledged financial support to help new governments in the Middle East and North Africa.

Mr Zoellick said such support was vital.

"The crisis in the Middle East and North Africa underscores how we need to put the conclusions from our latest world development report into practice. The report highlighted the importance of citizen security, justice and jobs," he said.

He also called for the World Bank to act quickly to support reforms in the region.

"Waiting for the situation to stabilise will mean lost opportunities. In revolutionary moments the status quo is not a winning hand."

More...


Most Recent Related Stories...


Oxfam: Eight men are as rich as half the world

Oxfam : 8 men richer than half the worldThe gap between the super-rich and the poorest half of the world's population is starker than...

Jobless claims fall to near 43-year low

Jobless claims at 43 year lowThe number of Americans filing for unemployment benefits fell to near a 43 year-low last week,...

Amazon says it will create 100,000 full-time jobs in U.S. by 2018

AmazonAmazon will create 100,000 full-time jobs in the United States with full benefits over the next...

Macy's cutting 6,200 jobs, closing 68 stores

Macy's cutting 6,200 jobsAfter seeing sales drop during the holidays, Macy's said Wednesday it has either closed or will...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!