WASHINGTON (Reuters) - 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.
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