Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Credit Suisse and UBS are in talks to merge – FT

    March 18, 2023

    Abu Dhabi to host the largest autonomous racing league in the world

    March 18, 2023

    Funding drought compels UN food agency to cut rations in Afghanistan

    March 18, 2023
    Facebook Twitter Instagram
    Angola ReportAngola Report
    • Automotive
    • Business
    • Entertainment
    • Health
    • Lifestyle
    • Luxury
    • News
    • Sports
    • Technology
    • Travel
    Angola ReportAngola Report
    Home » Global finance meeting focuses on conflict-driven food insecurity
    Business

    Global finance meeting focuses on conflict-driven food insecurity

    April 19, 2022
    Facebook Twitter Pinterest LinkedIn Tumblr Email

    The International Monetary Fund (IMF) and the World Bank, which are meeting in Washington and are grappling with the impact of the Russian conflict with Ukraine, are focusing on the growing crisis of food insecurity and the skyrocketing prices of food. The US Treasury Department said today that the US Treasury Secretary was meeting with leaders from the IMF, World Bank, Group of Seven (G7) and Group of 20 (G20) global organizations to “call on international financial institutions to accelerate and deepen their response” to countries facing food shortages exacerbated by the conflict.

    Global finance meeting focuses on conflict-driven food insecurityAccording to the United Nations, Russia and the Ukraine produce 14% of the world’s wheat supply, and the loss of commodities due to the war has resulted in soaring food prices and uncertainty about the future of food security globally. This is particularly the case for the impoverished countries. The price of vegetable oils, cereals and meat has reached an all-time high according to the UN’s Food and Agriculture Organization (FAO) Food Price Index since 1990. Globally, 8 to 13 million people will be undernourished by 2023, with the greatest number in Asia-Pacific, sub-Saharan Africa, and the Near East and North Africa. There will be long-term impacts of this conflict beyond 2022-2023.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Credit Suisse and UBS are in talks to merge – FT

    March 18, 2023

    Ryan Reynolds joins other celebrities in $1.35 billion Mint Mobile deal

    March 15, 2023

    Dollar slips as investors await Powell testimony

    March 6, 2023

    UAE, Egypt, Jordan, and Bahrain sign $2 billion in industrial deals

    February 27, 2023
    Latest News

    Credit Suisse and UBS are in talks to merge – FT

    March 18, 2023

    Abu Dhabi to host the largest autonomous racing league in the world

    March 18, 2023

    Funding drought compels UN food agency to cut rations in Afghanistan

    March 18, 2023

    Czech freediver dives into frozen Swiss lake to record depths

    March 17, 2023

    Magnitude 7.1 earthquake rocks Kermadec Islands in New Zealand

    March 16, 2023

    Despite banking turmoil, the ECB continues to hike rates

    March 16, 2023

    Ryan Reynolds joins other celebrities in $1.35 billion Mint Mobile deal

    March 15, 2023

    India will have the largest green railway in the world by 2030

    March 14, 2023
    © 2023 Angola Report | All Rights Reserved
    • Home
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.