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Rice acknowledges U.S. policy shift on Iran

... outpost, air link US wants strong dollar: Bush Cyclone fuels rice price increase World Bank’s Daboub Says No Quick Fix for Soaring Food Prices Rice Prices Seen Falling For Third Consecutive Trading Day on CBOT ECB’s Weber Says Price Stability Promotes Economic Stability, Job Creation U.S. Secretary of State says Iran missile test shows threat not imaginary Iran doctored missile test-firing...

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UN chief calls for sharp hike in world farm output

UN chief Ban Ki-moon on Friday called for a sharp hike in world farm output, warning that high food and fuel prices threatened much of the progress made in reaching global poverty reduction targets. Addressing a day-long debate of the UN General Assembly on the global food and energy crisis, the secretary general warned: ‘The double [...]

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World Bank will not support junta, says NLD – Khin Hnin Htet

In May this year, the World Bank’s executive director Juan Jose Daboub told journalists that it currently did not have any plans to give financial support to Burma, which had lost USD 10 billion since Cyclone Nargis hit the country, because the junta had not paid off the previous debts it owed to the institution.

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Emergency Aid Urged At U.N. Food Summit

... income and energy needs in all countries. Last month the World Bank’s managing director, Juan Jose Daboub, said food inflation is “here to stay for a few years” and that skyrocketing gas prices in the last two years sent 100 million people worldwide back into the ranks of poverty, defined as living on less than $2 a day. He warned that the expected doubling of food prices in the next three...