Last week, Chad declared a food emergency due to a lack of grain supplies. The landlocked African nation on Thursday urged the international community to help its population cope with rising food insecurity.
Cereal prices across Africa surged because of the slump in exports from Ukraine — a consequence of the war in Ukraine and a raft of international sanctions on Russia which have disrupted supplies of fertilizer, wheat and other commodities from both Russia and Ukraine.
Read more at:
Chad declares food emergency as grain supplies fall | Africa | DW | 06.06.2022
Showing posts with label Food Shortage. Show all posts
Showing posts with label Food Shortage. Show all posts
4/13/22
OXFAM - Global Poverty: Quarter of a billion people now face extreme poverty, warns Oxfam - by Kaamil Ahmed
The rising price of food caused by Russia’s invasion of Ukraine and increased energy costs could push a quarter of a billion more people into extreme poverty, Oxfam has warned.
The charity said these new challenges had piled on to the economic crises created by Covid, and called for urgent international action, including cancelling debt repayments for poorer countries.
“Without immediate radical action, we could be witnessing the most profound collapse of humanity into extreme poverty and suffering in memory,” said Oxfam’s international executive director, Gabriela Bucher.
Oxfam’s briefing, released on Tuesday ahead of World Bank and IMF spring meetings next week, said indebted governments could be forced to cut public spending to meet the rising cost of importing fuel and food.
Oxfam said cancelling debt repayments for this year and next could free up $30bn (£23bn) for dozens of the countries facing the biggest debts.
Read more at: Quarter of a billion people now face extreme poverty, warns Oxfam | Global development | The Guardian
The charity said these new challenges had piled on to the economic crises created by Covid, and called for urgent international action, including cancelling debt repayments for poorer countries.
“Without immediate radical action, we could be witnessing the most profound collapse of humanity into extreme poverty and suffering in memory,” said Oxfam’s international executive director, Gabriela Bucher.
Oxfam’s briefing, released on Tuesday ahead of World Bank and IMF spring meetings next week, said indebted governments could be forced to cut public spending to meet the rising cost of importing fuel and food.
Oxfam said cancelling debt repayments for this year and next could free up $30bn (£23bn) for dozens of the countries facing the biggest debts.
Read more at: Quarter of a billion people now face extreme poverty, warns Oxfam | Global development | The Guardian
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