page 1
page 2
page 3
page 4
page 5
page 6
page 7
page 8
page 9
page 10
page 11
page 12
page 13
page 14
page 15
page 16
page 17
page 18
page 19
page 20
page 21
page 22
page 23
page 24
page 25
page 26
page 27
page 28
page 29
page 30
page 31
page 32
page 33
page 34
page 35
page 36
page 37
page 38
page 39
page 40
page 41
page 42
page 43
page 44
page 45
page 46
page 47
page 48
page 49
page 50
page 51
page 52
page 53
page 54
page 55
page 56
page 57
page 58
page 59
page 60
page 61
page 62
page 63
page 64
page 65
page 66
page 67
page 68
page 69
page 70
page 71
page 72
page 73
page 74
page 75
page 76
page 77
page 78
page 79
page 80
page 81
page 82
page 83
page 84
page 85
page 86
page 87
page 88
page 89
page 90
page 91
page 92
page 93
page 94
page 95
page 96
page 97
page 98
page 99
page 100
page 101
page 102
page 103
page 104
page 105
page 106
page 107
page 108
page 109
page 110
page 111
page 112
page 113
page 114
page 115
page 116
page 117
page 118
page 119
page 120
page 121
page 122
page 123
page 124
page 125
page 126
page 127
page 128
page 129
page 130
page 131
page 132

s the world continues to recover from thefinancial and economic crisis, leaders areset to discuss other pressing challenges,says Robert B. Zoellick, President of theWorld Bank Group, at the 2011 spring meetings for theInternational Monetary Fund (IMF) and the World Bank.We may be coming out of one crisis - the financial andeconomic crisis - but we are facing new risks andwrenching challenges: high and volatile food prices,high fuel prices with knock-on effects for food, politicalupheaval in the Middle East and North Africa, turmoilin Cote d'Ivoire, repeated natural disasters, risinginflation in emerging markets with some risks ofoverheating, sovereign debt issues in Europe.With food prices, we are at a real tipping point. Foodprices are 36 per cent above the levels of a year ago andremain close to the 2008 peak. Already 44 millionpeople have fallen into poverty since June of last year.If the Food Price Index rises by just another 10 percent, we estimate another 10 million people will fallinto extreme poverty -that is where people live on lessthan US$1.25 a day. And a 30 per cent increase wouldadd 34 million more people to the world's poor, whonumber 1.2 billion. We can do something about this.Some have asked; what can the G20 do? The G20 canplay a leading role. I believe multilateralism must befocused on doing real things in the short term whilebuilding toward mid- and longer-term actions. So I ampleased that France has made a top priority for itsPresidency of the G20 the topic of food. We areworking closely with the G20, and I believe we cantake a number of important steps that will help in twokey areas: food price volatility and food security. We aregoing to be using these meetings with the G187 tohelp prepare the way.First, we are working on a new code of conduct forcountries with regard to export bans. At a minimum,these should not apply to humanitarian suppliers suchas the World Food Programme. Second, we believe thathaving better information on food stocks' quality andquantity would help. Third, supporting the pre-positioning of small humanitarian food stocks inplaces like the Horn of Africa, operated by the WorldFood Programme. Fourth, helping countries to manageagricultural risks better. And fifth, the World Bank and the regional development banks can helpcountries with quick support for the most vulnerablethrough effective, targeted nutrition and safety netprogrammes rather than mistaken price controls orbroad-based increases in wages.More can be done on the production side, too. The WorldBank is now investing about US$7 billion a year inimproving agricultural production, from seeds toirrigation to storage. And we are investing all across thevalue chain. One area of focus is agricultural research -helping to develop better seeds. We are discussing with France and the G20 the possibility of perhapsintersecting that with some of the anxieties about climatechange and reviewing some of the research priorities aswe boost support for the 15 key research centres inagricultural research around the globe.I think these goalsare achievable in coming months and I am looking forresults at the meeting of G20 agriculture ministers inFrance in June. I look forward to continuing to work withthe French and others to make this happen. nThese Remarks by The World Bank Group PresidentRobert B. Zoellick are excerpts from Mr Zoellick'saddress at the at the Opening Press Conference of theWorld Bank-IMF Spring Meetings in Washington DCon 14 April 2011. For more information RESPONSE TOGLOBAL CHALLENGES066MOBILISING FINANCEROBERT B. ZOELLICK, PRESIDENT, THE WORLD BANK GROUPA" "I BELIEVE MULTILATERALISMMUST BE FOCUSEDON DOING REALTHINGS IN THESHORT TERMWHILE BUILDINGTOWARD MID- AND LONGER-TERM ACTIONS