The World Bank has started making plans to cushion the effects of the food crisis around Africa and the Middle East, Eastern Europe and Central Asia, and South Asia.
In a press release, released during the week the World Bank announced planned actions for the global food crisis. My Cookery Zone Platform gathered that the comprehensive plan will focus on four priorities that include: Support production and producers, Facilitating increased trade, Support vulnerable households, and Invest in sustainable food and nutrition security.
The World Bank states in a comprehensive, global response to the ongoing food security crisis, with up to $30 billion in existing and new projects in areas such as agriculture, nutrition, social protection, water, and irrigation. This financing will include efforts to encourage food and fertilizer production, enhance food systems, facilitate greater trade, and support vulnerable households and producers.
“Food price increases are having devastating effects on the poorest and most vulnerable,” said World Bank Group President David Malpass. “To inform and stabilize markets, it is critical that countries make clear statements now of future output increases in response to Russia’s invasion of Ukraine. Countries should make concerted efforts to increase the supply of energy and fertilizer, help farmers increase plantings and crop yields, and remove policies that block exports and imports, divert food to biofuel, or encourage unnecessary storage.”