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World Bank urges support for poor as food prices soar

April 01, 2022 / 10:59 AM
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Sharjah24 – AFP: A senior World Bank official calls for more support for poor people globally Thursday as the war in Ukraine sends food prices soaring. Developing and import-dependent countries have been heavily impacted by Russia's invasion of Ukraine. the two countries that account for more than a quarter of the world's annual wheat sales.
Commenting on this, Mari Pangestu, World Bank's managing director for development policy said, "It's not so much about food availability, because the production at the moment is adequate, whether we're talking about wheat, rice or maize, which are the main food products, it's more about affordability."

The World Bank's managing director for development policy added, "Apart from making sure the flow of goods and fertilisers are not impeded, we really need to make sure that affordability of food for the poor households is also going to be addressed."

"This really means social protection schemes in countries which are the most affected - to be able to provide support to the poor households for food and nutrition and then for the farmers, to make sure that they can get access to fertilisers and inputs (so) they can produce for the next season," she added.
April 01, 2022 / 10:59 AM

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