World Bank says rising food prices a concern, ready to help

WASHINGTON – The World Bank on Monday said it stood ready to help governments respond to a broad-based run-up in grain prices that has again put the world’s poorest people at risk and could have lingering detrimental impacts for years.

“We cannot allow short-term food-price spikes to have damaging long-term consequences for the world’s most poor and vulnerable,” World Bank Group President Jim Yong Kim said in statement.

“The World Bank and our partners are monitoring this situation closely so we can help governments put policies in place to help people better cope,” said Kim, a public health expert facing his biggest challenge in two months on the job.

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