Nicaragua can profit from high food prices, World Bank says

The World Bank has confirmed that Nicaragua is one of the Latin American countries that can benefit from high world food prices that will boost its farmers.

Tuesday, July 1, 2008

Willem Janssen, the World Bank's leading specialist on sustainable development in Latin America, said the government should take steps to reap the benefits of high food prices while reducing their impact on its poor citizens, especially those who live on two dollars a day or less.
In his 2008 report, Jansen said Nicaragua should identify the needs of food producers so that they can realize their potential. At the same time, the nation's productive capacity has to be increased in basic foodstuffs such as corn, beans, milk and meat, he added.

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