US Treasury Secretary Janet Ellen said on Tuesday that Russia’s war against Ukraine exacerbates the “already difficult” problem of food security in the world, and price jumps and offers increase global inflation,
KYIV. UkraineGate , 20 , April , 2022 | Political News .
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According to Ellen, before the war, more than 800 million people – or 10% of the world’s population – suffered from chronic food shortages, and it is estimated that higher food prices alone could lead to poverty for at least another 10 million people.
Ellen said at the high-level event that countries should avoid export bans, which could lead to further price increases, while increasing support for vulnerable groups and small farmers, German Finance Minister Christian Lindner said.
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“I want to make it clear that Russia is responsible for this,” Ellen said, adding that the United States is working urgently with partners and allies to “help mitigate Russia’s reckless war for the world’s most vulnerable.”
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The country’s finance ministry said the event agreed to work on an “action plan” to formulate a problem, outline common principles for a coordinated response, and outline short-term and long-term actions.
Several participants called on the world community to pay attention to existing instruments, such as the Global Program on Agriculture and Food Security, launched by the G20 in response to the 2008 food price crisis.
World Bank President David Malpas later said at a special event that developed economies should increase food aid to developing countries and work to increase food, energy and fertilizer production.
IMF chief Kristalina Georgieva says food security crisis puts additional pressure on 60% of low-income, low-income countries in or near the debt crisis, and called on China and private sector creditors to “step up their participation” in the G20 as a matter of urgency. .
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The Food and Agriculture Organization of the United Nations (FAO) says that against the background of Russia’s full-scale invasion of Ukraine, world food prices have reached record highs.
Source: Ukrgate
