World Bank President David Malpa today urged advanced economies to step up food aid to developing countries and work to increase food, energy and fertilizer production to address shortages and tackle rising prices. caused by the Russian war in Ukraine.
Malpas told a joint news conference with International Monetary Fund chief Kristalina Georgieva that cash or coupons would be a good way to help farmers in poor countries buy fertilizers and ensure that food production.
Georgieva commented that the crisis is widening the gap between rich and poor countries and stressed that it is crucial to diversify food, energy and fertilizer production to reduce dependence on Russia.
On Thursday, Malpas will meet with Ukrainian Prime Minister Dennis Smihal and Finance Minister Sergiy Martsenko to discuss what the country needs in addition to the initial funding provided by the World Bank and the IMF. Georgieva will also take part in the meeting.
Source: Capital
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