As it was informed by "Market Leader (US)"
The World Bank VS poverty: a game played by its own rules
The top management of the World Bank, including its president Robert Zoellick, is seriously concerned about the threat of a global food crisis. The financier says that if there is a crisis it will be much more severe than all the preceding food crises ever seen.
Zoellick’s pessimistic expectations are based on the pace at which food prices are currently growing around the world. According to him, there has been a 38% price increase in the global food market, nearly reaching the critical level of 2008.
According to Robert Zoellick, such a situation may increase the poverty around the world. Masterforex-V Academy experts note that it is the World Bank (headed by Mr. Zoellick) that mainly influences the poverty levels of numerous countries by decreasing or increasing their ratings. Consequently, the World Bank and the IMF not only form their monetary and credit policies but also influence the international image of a country and its attractiveness for international investors.