World Bank to offer $30 bln as Ukraine war threatens food security ...Middle East

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World Bank to offer $30 bln as Ukraine war threatens food security
BONN: 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 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.“Food price increases are having devastating effects on the poorest and most vulnerable,“ said World Bank Group President David Malpass said in a statement. “To inform and stabilize markets, it is critical that countries make clear statements now of future output increases in response to Rus

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