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an American.[7] The World Bank and the IMF are both based in
Washington, D.C., and work closely with each other.
The Gold Room at the Mount Washington Hotel where the IMF and
World Bank were established
Although many countries were represented at the Bretton Woods
Conference, the United States and United Kingdom were the most
powerful in attendance and dominated the negotiations
And think of the farmer, worried about losing some of his crop
because he doesnt have access to adequate weather information.
Action is about saving lives a Tanzanian woman who hears on the
radio about bed nets at the local clinic. It is about girls and boys in
classrooms learning. It is about farmers being able to double or even
treble the amount of crop they get from their soil.
Were all too familiar with the pain inflicted by the global financial
crisis, and the steep rises in food, fuel and fertilizer prices. For the
developing world and for Africa in particular it was a harsh
setback.
But the developing world and Africa specifically with its billion
consumers - can contribute to the recovery. Helping countries
achieve the Millennium Development Goals should also be about a
recognition of the economic potential of these countries on the global
stage.
Current demographic and economic trends and projections up to
2015 - FAO's 70th birthday - indicate the following global context:
Population. From the present figure of 6 billion, the world's
population is likely to reach 7.2 billion in 2015, having grown
by 75 million people annually. Ninety percent of the increase
will occur in today's developing countries.
Economic growth. Economic growth is expected to be sustained in
the developing world at least until 2005, but with considerable
differences between countries. Changes in the global balance of
wealth among nations are likely to be slow. The risk of economic
recessions - with adverse effects on employment, agriculture and
food security - will continue.
Hunger. Hunger and undernourishment are expected to persist,
although at slightly reduced levels. Without major efforts to
improve food supply and achieve a more equitable distribution, in
2015 undernourishment may still affect 30 percent of some
countries' populations.
Poverty and urbanization. The urban poor are likely to constitute a
greater proportion of the world's undernourished, as urban
populations are increasing by 60 million per year. By 2010, more
people will live in urban areas than rural areas and, by 2015, 26
cities in today's developing countries will have populations of 10
million or more.