World Bank president: 'One shock away from crisis'

Gerald · 04-17-11, 06:31 AM

The 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."

http://www.bbc.co.uk/news/business-13108166

Note: 17 April 2011 Last updated at 08:54 GMT

Platapus · 04-17-11, 06:54 AM

Arn't we always one shock from a crisis?

STEED · 04-17-11, 07:08 AM

Time to get out my End of the World billboard again.

Gerald · 04-17-11, 07:11 AM

Quote:

Originally Posted by STEED

Time to get out my End of the World billboard again.

Call David, and he help you out...

STEED · 04-17-11, 07:20 AM

Quote:

Originally Posted by Vendor

Call David, and he help you out...

Better off calling....

Gerald · 04-17-11, 07:30 AM

Quote:

Originally Posted by STEED

Better off calling....

Or,

04-17-11, 06:31 AM	#1
Gerald SUBSIM Newsman Join Date: May 2008 Location: Close to sea Posts: 24,254 Downloads: 553 Uploads: 0	World Bank president: 'One shock away from crisis' The 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." http://www.bbc.co.uk/news/business-13108166 Note: 17 April 2011 Last updated at 08:54 GMT __________________ Nothing in life is to be feard,it is only to be understood. Marie Curie

04-17-11, 06:54 AM	#2
Platapus Fleet Admiral Join Date: Oct 2006 Posts: 19,361 Downloads: 63 Uploads: 0	Arn't we always one shock from a crisis? __________________ abusus non tollit usum - A right should NOT be withheld from people on the basis that some tend to abuse that right.

04-17-11, 07:08 AM	#3
STEED Lucky Jack Join Date: Jan 2006 Location: Down Town UK Posts: 27,695 Downloads: 89 Uploads: 48	Time to get out my End of the World billboard again. __________________ Dr Who rest in peace 1963-2017. To borrow Davros saying...I NAME YOU CHIBNALL THE DESTROYER OF DR WHO YOU KILLED IT!