Spiking food price is the biggest challenge facing developing countries nowadays, World Bank Group President Robert Zoellick said here Saturday, Xinhua reported.
The global economic growth is gaining momentum, but the high unemployment rate in advanced economies is still a big uncertainty for the global economic revival, Zoellick said at a press conference wrapping up the Spring Meetings of the World Bank and its sister agency the International Monetary Fund (IMF).
He contended that the global community should put food safety first, as food volatility hurt the poor and the vulnerable most.
The chief of the World Bank cited figures from its latest edition of Food Price Watch saying that an additional 10-percent increase in global prices could drive an additional 10 million people below the 1.25 U.S. dollars extreme poverty line.