Russia’s attack on Ukraine is creating a global food crisis, U.S. Treasury Secretary Janet Yellen said during a meeting on food insecurity with representatives from the International Monetary Fund (IMF), the International Fund for Agricultural Development (IFAD), and the World Bank.
Even before the Russia–Ukraine war, more than 800 million people, representing 10 percent of the global population, were suffering from chronic food insecurity, Yellen said at the April 19 meeting, according to a press release.
“The war has made an already dire situation worse. Price and supply shocks are already materializing, adding to global inflationary pressures, creating risks to external balances, and undermining the recovery from the pandemic,” Yellen said.
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