World Bank announces up to US$30 bil to address food insecurity

19/5/2022 3:14:00 PM

World Bank announces up to US$30 bil to address food insecurity - Bernama

World Bank announces up to US$30 bil to address food insecurity - Bernama

WASHINGTON: The World Bank on Wednesday (May 18) announced actions it plans to take as part of a comprehensive, global response to the ongoing food security crisis, with up to US$30 billion financing in existing and new projects, Xinhua reported.The bank said in a statement that the financing in areas such as agriculture, nutrition, social protection, water and irrigation will be available for implementation to address food insecurity over the next 15 months.It will include efforts to encourage food and

WASHINGTON: The World Bank on Wednesday (May 18) announced actions it plans to take as part of a comprehensive, global response to the ongoing food security crisis, with up to US$30 billion financing in existing and new projects, Xinhua reported.Close Privacy Overview This website uses cookies to improve your experience while you navigate through the website.for the latest news you need to know.A KUALA LUMPUR (May 17): Bank Negara Malaysia’s (BNM) move to raise the Overnight Policy Rate (OPR) to 2.

The bank said in a statement that the financing in areas such as agriculture, nutrition, social protection, water and irrigation will be available for implementation to address food insecurity over the next 15 months.It will include efforts to encourage food and fertiliser production, enhance food systems, facilitate greater trade, and support vulnerable households and producers.We also use third-party cookies that help us analyze and understand how you use this website.The World Bank is working with countries on the preparation of US$12 billion of new projects for the next 15 months to respond to the food security crisis, according to the statement.“Food price increases are having devastating effects on the poorest and most vulnerable,” World Bank President David Malpass said in a statement.In addition, the World Bank's existing portfolio includes undisbursed balances of US$18.You also have the option to opt-out of these cookies.7 billion in projects with direct links to food and nutrition security issues, covering agriculture and natural resources, nutrition, social protection, and other sectors.“This was mainly supported by improving domestic demand as economic activities continued to normalise with the easing of containment measures and strong export growth," he said.

"Food price increases are having devastating effects on the poorest and most vulnerable," said World Bank Group President David Malpass.Necessary Always Enabled Necessary cookies are absolutely essential for the website to function properly.7 billion in funding for projects to be implemented over the next 15 months in Africa and the Middle East, Eastern Europe and Central Asia, and South Asia.To inform and stabilise markets, it is critical that countries make clear statements now of future output increases in response to the Russia-Ukraine war, Malpass said.He urged countries to make concerted efforts to increase the supply of energy and fertiliser, help farmers increase plantings and crop yields, and"remove policies that block exports and imports, divert food to biofuel, or encourage unnecessary storage".These cookies do not store any personal information.Subscribe to Mid-day email alert We deliver news to your inbox daily.“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,” Malpass said.

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