$2.5B to boost food aid
The Group of Seven announced that their countries have pledged to allocate $2.5 billion to address food insecurity in the most vulnerable nations, particularly in light of rising energy prices and their impact on fertilizer supplies and food costs. The focus is on supporting the most needy. This was announced during the meetings of the International Monetary Fund and the World Bank in Bangkok. The French Minister of Economy explained that the World Bank has identified 44 countries at risk of food insecurity, and that current tensions have led to a significant increase in energy and food prices. The ministers also emphasized the importance of supporting Ukraine amid the current crisis.
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