Asian bank in food crisis warning

by Sanjay Jha | May 4, 2008 at 12:34 am
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Chief of  Asian Development Bank (ADB) has warned that  rising food prices could stall poverty eradication measures in poor countries. 

The Asian Development Bank (ADB) has warned that the crisis of rising food prices could reverse gains made in reducing poverty across the continent.

Bank president Haruhiko Kuroda warned at its annual meeting in Madrid that "the cheap food era may be over".

Donor countries have pledged more than $11bn (£5.5bn) to a fund to ease the hardship of Asia's poorest people.

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