World Bank to offer $30 bln as Ukraine war threatens food security - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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The World Bank said on Wednesday it will make $30 billion available to help stem a food security crisis threatened by Russia's war in Ukraine, which has cut off most grain exports from the two countries.

The bank said the new projects are expected to support agriculture, social protection to cushion the effects of higher food prices on the poor, and water and irrigation projects.The bank said the new projects are expected to support agriculture, social protection to cushion the effects of higher food prices on the poor, and water and irrigation projects.

The total will include $12 billion in new projects and over $18 billion funds from existing food and nutrition-related projects that have been approved but have not yet been disbursed, the bank said. “To inform and stabilize markets, it is critical that countries make clear statements now of future output increases in response to Russia’s invasion of Ukraine.”

The majority of resources going to Africa and the Middle East, Eastern Europe and Central Asia, and South Asia.Countries such as Egypt are highly dependent on Ukrainian and Russian wheat and are scrambling for supplies as Russia has blockaded Ukraine’s agricultural exports from Black Sea ports and has imposed domestic export restrictions.

 

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This is fulfilment of the Bible prophecy, believe or not,🤔

Weeeh.There you go again with being bias against Russia.There's no Russia's war in Ukraine,but there's war at Ukraine nor UkraineSSR.

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