New York: The International Monetary Fund has said the world is now facing its worst food crisis in more than 10 years, with food security deteriorating, calling for a decisive and coordinated response to the crisis.
And Bloomberg News Agency today, Thursday cited a report issued by the fund as saying that the food security situation will continue to deteriorate due to a number of factors, including disruptions in the supply chain, as global food prices have fallen in recent months. , difficulties in benefiting Ukrainian crops and high prices of fertilizers and energy.
The current food crisis is at least on par with the crisis the world faced in 2007 and 2008, in which acute supply shortages and world starvation led to many deaths and waves of political and social unrest.
The IMF said 48 countries are classified as the most affected by the current crisis due to large imbalances in their balance of payments and severe food security deficits, while the Sahel and other sub-Saharan African regions face worse prospects, and more than the extent of suffering, on their economies. The cost of this crisis is billions of dollars.
The IMF added that a sudden change in food and fertilizer prices would cause a new increase in the value of import bills next year to be in the range of $9 billion and that these countries would need between 5 to 5. 7 billion additional dollars in their budget to reduce the severity of the crisis on families.
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