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WB to offer $30b to ease looming food crisis

Reuters . Bonn
18 May 2022 19:24:44 | Update: 18 May 2022 20:25:28
WB to offer $30b to ease looming food crisis
Malagasy children eat a meal at the Avotse feeding program that benefits malnourished children with hot meals in Maropia Nord village in the region of Anosy, southern Madagascar September 30, 2021 — Reuters Photo

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.

The information was unveiled by the US Treasury in a report on food security plans from international financial institutions on Wednesday.

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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. 

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