Finance Ministers Emphasize Food Crisis Over Credit Crisis
Published: April 14, 2008
WASHINGTON — The world’s economic ministers declared on Sunday that shortages and skyrocketing prices for food posed a potentially greater threat to economic and political stability than the turmoil in capital markets.
The ministers, conferring in the shadow of a slumping American economy that threatens to pull down the economies of other countries, turned their attention to the food crisis and called on the wealthiest countries to fulfill pledges to help prevent starvation and disorder in Asia, Africa and Latin America.
“Throughout the weekend we have heard again and again from ministers in developing countries and emerging economies that this is a priority issue,” said Robert B. Zoellick, president of the World Bank. “We have to put our money where our mouth is now, so that we can put food into hungry mouths. It is as stark as that.”
