$ 12 billion for food crisis

The World Bank is contributing an additional $ 12 billion to various projects to address the global food crisis following the war in Ukraine.

The message to the host countries is to increase the production of food and fertilizers.

“Rising food prices have a devastating effect on the poorest and most vulnerable,” said World Bank President David Malpass in a statement.

The shortage of food has worsened since Russia attacked Ukraine, one of the world’s leading producers of grain. The support from the World Bank will finance projects over the next 15 months that aim to increase food and fertilizer production, increase trade and support vulnerable households and producers.

In the past, the World Bank has allocated $ 18.7 billion to various projects for the same purpose in Africa, the Middle East, Eastern Europe and Asia.