Next week, world leaders will discuss the current situation and possible solutions.
More than 275 million people around the world face severe food insecurity due to Russia’s war in Ukraine, which also raises food prices around the world. This was announced on Wednesday, April 13, by U.S. Treasury Secretary Janet Yellen, Reuters reports.
Yellen also said he will meet with other leaders at the spring meetings of the International Monetary Fund and the World Bank next week to discuss possible solutions to help the poorest people who spend most of their income on food. .
Russia’s invasion of Ukraine has led to a sharp rise in commodity prices, adding to global inflationary pressure and threats to energy and food security, trade flows and external balance in many countries, he said.
He noted that international development banks have provided funding to boost domestic food production, strengthen social safety nets and unlock trade finance, but they also need to make long-term investments to meet the major weaknesses in food systems.
Recall that in recent years, Ukraine and the Russian Federation accounted for almost 30% of world wheat exports and 20% of world corn exports. From the beginning of the war, their prices rose sharply.
War in Ukraine could cause ‘hunger chaos’ in poor countries – WTO leader
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Source: korrespondent
