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Wednesday, 18 May 2022 14:16
World Bank to offer $30 bln over 15 months to ease looming food crisis-Treasury report
Written by Nur Yasmin
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The World Bank 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 U.S. Treasury said in a report on food security plans from international financial institutions on Wednesday.
The total will include $12 billion in new projects and $18 billion funds from existing food and nutrition-related projects that have been approved but have not yet been disbursed, the Treasury report said. (Reuters)
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