Word: zoellick
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Dates: during 2000-2009
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...piecemeal basis," says Dennis J. Snower, president of Germany's Kiel Institute for the World Economy. He advocates a far more ambitious solution, including the creation of a new international agency that can act as a lender of last resort to stricken banks. In Washington, Robert B. Zoellick, president of the World Bank, concurs that only a multinational solution can really work. "While American eyes are on the intersection of Wall and Main streets, there is much more to the story," he says. "The response to these crises will have to be larger and global...
...course, inflation is not just a problem in Asia. World Bank President Robert Zoellick recently warned that the world was "entering a danger zone." He called rising food and oil prices a "man-made catastrophe" that could quickly reverse the gains made in overcoming poverty over the past seven years. For now, though, there is more talk than action on the international front, so Asian governments are battling on their own. There are some early signs that anti-inflation measures could pay off. After peaking at a 12-year high in February, inflation in China will begin to taper...
...racing to allay the damage. Headway will not come cheap. U.N. officials warn that boosting agricultural production enough to feed the world could cost about $20 billion extra a year. Warning that a decade of progress against poverty could be obliterated in short order, World Bank president Robert Zoellick announced the bank would quickly spend about $1.2 billion to boost crop production in the world's poorest countries. U.S. President George W. Bush has committed about $360 million in U.S. emergency food aid, while the Asian Development Bank has vowed to give $500 million in emergency loans to the hardest...
...While many are worrying about filling their gas tanks, many others around the world are struggling to fill their stomachs.' ROBERT ZOELLICK, World Bank president, after U.S. President George W. Bush ordered the release of $200 million in emergency aid to help ease soaring food prices Numbers
...While many are worrying about filling their gas tanks, many others around the world are struggling to fill their stomachs.' ROBERT ZOELLICK, World Bank president, after President George W. Bush ordered the release of $200 million in emergency aid to help ease soaring food prices...