World Bank chief warns against the crisis


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17 April 2011 last updated at 08: 54 GMT Mr Zoellick said the world should not forget that the lesson of last financial CrisisThe has warned President of the World Bank, that the world "a strike away from a full blown crisis".

Robert Zoellick cited as the greatest threat to poor countries, the risk "a generation" rising food prices.

He was speaking in Washington at the end of the spring meetings of the World Bank and International Monetary Fund.

In the meantime G20 pledged finance chiefs, who met in Washington, financial support for new Governments in the Middle East and North Africa to help.

Mr Zoellick said that this support was vital.

"The crisis in the Middle East and North Africa underlines how we must the conclusions of our latest world development report into practice." The report highlighted the importance of the safety of citizens, justice and jobs, "he said."

He demanded the World Bank also quickly Act, support to reforms in the region.

"Waiting for the situation stabilize will mean lost opportunities." "Revolutionary moments no winning hand is the status quo."

The Washington meeting, turbulence in the Middle East, volatile oil prices and high unemployment also came to the language.

IMF chief Dominique Strauss-Kahn raised special concerns about high unemployment among young people.

"It is probably too much to say that there is a jobless recovery, but it certainly is a restore with not enough jobs," he said.

He said "in particular because of the youth unemployment... the danger is now, that this will be transformed in a life sentence, and there is the possibility of a lost generation".


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