World Bank to offer $30 bln to address growing food crisis

The funds will be available over 15 months
calendar icon 18 May 2022
clock icon 1 minute read

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, reported Reuters, citing a report on food security plans from the 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.

Source: Reuters

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