World Bank to offer $30 bln to address growing food crisis
The funds will be available over 15 months
18 May 2022
1 minute read
By: 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.
