Home News The US announces a plan to alleviate the food crisis. Tens...

The US announces a plan to alleviate the food crisis. Tens of billions of dollars to support farmers and fight the fertilizer crisis

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“Several global development banks are working hard to share their expertise in financing, technical assistance and political engagement,” to prevent war-induced famine, rising food prices and the damage to crops due to climate change. The US Treasury Department reports Agerpres.

Tens of billions of dollars will be spent on supporting farmers, resolving the crisis related to fertilizer supply, developing land for agricultural production.

Thus, the Asian Development Bank (ADB) will provide the necessary funding to support food procurement for the people of Afghanistan and Sri Lanka, and the African Development Bank will use $ 1.5 billion to help 20 million African farmers. according to the US Treasury.

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The European Bank for Reconstruction and Development (EBRD), the World Bank, the Inter-American Development Bank and the International Fund for Agricultural Development will also contribute tens of billions of dollars in the coming months and years to support food producers and to solve the problems caused by the supply deficit.

The plan comes after an April meeting between US Treasury Secretary Janet Yellen and IMF and World Bank leaders, where the US official called on developed countries to help fight the global food security crisis.

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