4  International Monetary Fund, World Economic Outlook, September 2011. 5  K. Anderson, M. Ivanovic and W. Martin, “Food Price Spikes, Price Insulation and Poverty”, Policy Research Working Paper, WPS6535, The World Bank, July 2013.
BIS central bankers’ speeches  1  •  In this context, it is not surprising that, according to World Bank calculations, the rise in food prices in 2010–2011 resulted in a net increase of 44 million in the number of people living in extreme poverty in developing nations.