WFP, FAO and World Bank warn of chronic food shortage in months ahead
The World Food Program (WFP) and the Food and Agricultural Organization (FAO) in a statement has warned that acute food insecurity could worsen by September 2022 with millions of people worldwide affected.
These organizations also state that in the coming months, there will be major trouble to afford fertilizers which may hamper food production more across the globe if the Russia-Ukraine war persists.
Russia and Belarius are major fertilizer exporters in the world.
On the other hand, World Bank officials have revealed that as of July 29, 2022, domestic food price inflation remains present across the world especially in low and medium income countries. According to them, the Russia war in Ukraine has hampered production and consumption of basic commodities.
Official of the World Bank add that the Russia-Ukraine war has come to aggravate the high cost of living situation that was already severe.
Heads of the World Bank, the International Monetary Fund (IMF), the UN World Food Program (UNWFP), and World Trade Organization (WTO) earlier this year released a joint statement for urgent action to be taken by the international community in a bid to preserve food security, encourage open trade and help suffering nations of the world.
As at July 15, at least 18 countries had implemented food export banks while global hunger levels have remained alarmingly high.
The number of people affected by hunger worldwide rose to 28 million in 2021 with the situation feared to go chronic by September this year.
