Developing Countries Face Triple Hit from Food, Fuel and Financial Crises

10 October 2008

October 8, 2008—Developing nations face a sudden convergence of food, fuel and financial crises as development and finance ministers gather for the World Bank and International Monetary Fund Annual Meetings October 13.

Countries already suffering food and fuel price inflation may now also see declines in exports, trade and investment as a result of financial turmoil that is becoming increasingly global, says World Bank President Robert B. Zoellick.

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