Ukraine war: World Bank warns of 'human catastrophe' food crisis

Ukraine war: World Bank warns of 'human catastrophe' food crisis

By Naveel Krishant
Friday 22/04/2022
[Image: BBC]

World Bank president David Malpass says the world faces a "human catastrophe" from a food crisis arising from Russia's invasion of Ukraine.

He told the BBC that record rises in food prices would push hundreds of millions people into poverty and lower nutrition, if the crisis continues.

The World Bank calculates there could be a "huge" 37% jump in food prices.

This would hit the poor hardest, who will "eat less and have less money for anything else such as schooling".

Malpass who leads the institution charged with global alleviation of poverty, said the impact on the poor made it "an unfair kind of crisis - that was true also of Covid.

He says the price rises are broad and deep, it's affecting food of all different kinds oils, grains, and then it gets into other crops, corn crops, because they go up when wheat goes up.

Malpass adds there was enough food in the world to feed everybody and global stockpiles are large by historical standards, but there will have to be a sharing or sales process to get the food to where it is needed.

Malpass also discouraged countries from subsidising production or capping prices.

He says instead the focus needed to be on increasing supplies across the world of fertilisers and food, alongside targeted assistance for the very poorest people.

The World Bank chief also warned of a knock on "crisis within a crisis" arising from the inability of developing countries to service their large pandemic debts, amid rising food and energy prices.

[Source: BBC]



Latest Videos

Stay tuned for the latest news on our radio stations

CFL radio frequencies
IN DEPTH
Pacific Nations Cup 2022
...
22 hours ago

Budget 2022 - 2023
The 2022/2023 National Budget will be delivered on the 15th of July this ...
2 days ago

RKS and Tailevu North retain Tailevu Zone title
RKS won the boys division with 25 gold, 21 silver and 24 bronze. Tailevu North College took out the girls title with 33 gold, 17 silver and 9 bronze ...
10 days ago
FEATURE NEWS
FNPFโ€™s acquisition of Fiji Airways shares is clouded in financial secrecy โ€“ Prof. Prasad
It is only fair that the people know what is the total sum of money that the workers of Fiji have pumped into Fiji Airways, inclusive of loans and the...
15 hours ago
LATEST NEWS
More employment opportunities for Fijians in Australia
More Fijians are expected to get employment opportunities in Australia after Labour Solutions Australia interviewed 56 potential workers since ...
37 minutes ago

Peopleโ€™s Alliance calls for transparency in the sale of Fiji Airways shares
The Peopleโ€™s Alliance has called on the Government for transparency in the sale of Fiji Airways shares and Party Leader, Sitiveni Rabuka is urging ...
13 hours ago

Chaudhry questions FNPF purchase of shares in Fiji Airways
The pension fund of the workers held in FNPF is for their retirement and must be protected from predators. This has been highlighted by Fiji ...
13 hours ago

Has Fiji Airways debt to FNPF been converted to shares to make the Fiji Airways books look good โ€“ Anthony
We are calling on the Board of the Fiji National Provident Fund to clearly explain to members of the Fund the basis of its decision to buy shares of ...
14 hours ago

Fijian Elections Office receives voter education material for persons with disability
The Fijian Elections Office today received voter education material for persons with disability. The Electoral Commissionโ€™s vision for the 2022 ...
14 hours ago

TOP