Zoellick, Manmohan express concern over impact of rising oil priceNovember 14th, 2007 - 8:22 am ICT by admin
Zoellick, who had met Singh on Friday, said one of the ways to deal with the problem is to improve energy efficiency.
It would also help in tackling the issues concerning global climate change, he added.
On the issue of rising food prices in the global market, Zoellick said although it would be beneficial for the farmers, “It can also increase the prices for consumers.”
He further said that the World Bank can help India ease the process of transition for farmers, who switch from basic crops to commercial crops.
On his first visit since heading the World Bank, Zoellick is in India to take stock of the World Bank-aided programmes in the country. (ANI)
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Tags: beneficial, commercial crops, energy efficiency, farmers, food prices, global climate change, global market, improve energy, independently, India, oil price, oil prices, prime minister, reporters, tackling, take stock, world bank