World Bank president warns that the food crisis may last until next year
2022-04-21
World Bank President marpas said on the 20th that the conflict between Russia and Ukraine has pushed up global food prices, and the poorest people have suffered the most. He warned that the current food security crisis will last for several months and may even last until next year. Malpas said at a remote media conference at the spring meeting of the International Monetary Fund (IMF) and the world bank that the Russian Ukrainian conflict led to a shortage of food, energy and fertilizer. Energy and fertilizer are very important for crop production. The shortage of the three together led to the food security crisis. He said that food prices rose 37% over the same period last year, exceeding the consumer price index, which means that the poor who spend more on food in their daily budget face greater pressure. He said that in the next 15 months, the world bank is expected to provide $170 billion in financing support to deal with the crisis. In response to a Xinhua reporter's question, marpas said that the problem of food security is very serious, and the people of poor countries are the most affected. But the positive side is that the current global food inventory is large. With the release of inventory, the problem of food shortage may be improved. Marpas also said that at the spring meeting, representatives of various countries had substantive discussions on food security. He looked forward to countries formulating solutions to alleviate the food crisis. The IMF and the world bank hold plenary meetings twice a year, including the spring meeting and the autumn annual meeting. This year's spring meeting was held in Washington, D.C., from April 18 to 24. (Xinhua News Agency)
Edit:He Chuanning Responsible editor:Su Suiyue
Source:Xinhua
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