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Joint Statement by the Heads of the Food and Agriculture Organization, International Monetary Fund, World Bank Group, World Food Programme and World Trade Organization on the Global Food and Nutrition Security Crisis

Food and Agriculture Organization (FAO) Director General Qu Dongyu, International Monetary Fund (IMF) Managing Director Kristalina Georgieva, World Bank Group (WBG) President David Malpass, World Food Programme (WFP) Executive Director David Beasley and World Trade Organization (WTO) Director General Ngozi Okonjo-Iweala issued the following joint statement calling for continued urgent action to address the global crisis on food and nutrition security.

	English	Korean
1	WFP	세계식량계획World Food Programme (WFP) 식량원조를 통해 개발도상국의 발전을 도모하기 위해 설립한 UN기구
2	FAO	국제 식량 농업기구Food and Agriculture Organization of the United Nations (FAO) 개발도상국의 기근과 빈곤을 제거하기 위해 설립된 국제기구
3	Global Report on Food Crises	세계 식량 위기 보고서

Globally, poverty and food insecurity are both on the rise after decades of development gains. Supply chain disruptions, climate change, the COVID-19 pandemic, financial tightening through rising interest rates and the war in Ukraine have caused an unprecedented shock to the global food system, with the most vulnerable hit the hardest. Food inflation remains high in the world, with dozens of countries experiencing double digit inflation. According to WFP, 349 million people across 79 countries are acutely food insecure. The preval‎ence of undernourishment is also on the rise, following three years of deterioration. This situation is expected to worsen, with global food supplies projected to drop to a three-year low in 2022/2023. The need is especially dire in 24 countries as hunger hotspots, of which 16 are in Africa. Fertilizer affordability as defined by the ratio between food prices and fertilizer prices is also the lowest since the 2007/2008 food crisis, which is leading to lower food production and impacting smallholder farmers the hardest, worsening the already high local food prices. For example, the reduction in 2022 of the production of rice, for which Africa is the largest importer in the world, coupled with prospects of lower stocks, is of grave concern. In response to the inflation of food, fuel and fertilizer prices, countries have spent over US$710 billion for social protection measures covering 1 billion people, including approximately US$380 billion for subsidies. However, only US$4.3 billion has been spent in low-income countries for social protection measures, compared to US$507.6 billion in high-income countries.

To prevent a worsening of the food and nutrition security crisis, further urgent actions are required to (i) rescue hunger hotspots, (ii) facilitate trade, improve the functioning of markets, and enhance the role of the private sector, and (iii) reform and repurpose harmful subsidies with careful targeting and efficiency. Countries should balance short-term urgent interventions with longer-term resilience efforts as they respond to the crisis.

1.  Rescue hunger hotspots

We call on governments and donors to support country-level efforts to address the needs in hotspots, share information and strengthen crisis preparedness. The WFP and FAO need funds urgently to serve the most vulnerable immediately. In 2022, WFP and partners reached a record number of people – more than 140 million – with food and nutrition assistance, based on a record-breaking US$14 billion in contributions, of which US$7.3 billion came from the United States Government alone. WFP sent over US$3 billion in cash-based transfers to people in 72 countries and provided support to school feeding programs in 80 countries, including 15 million children through direct support and more than 90 million children through bolstering government national school feeding programs. FAO has invested US$1 billion to support more than 40 million people in rural areas with time sensitive agricultural interventions. These activities were primarily focused on the 53 countries listed in the Global Report on Food Crises.

The World Bank is providing a US$30 billion food and nutrition security package covering the 15 months from April 2022 to June 2023, including US$12 billion of new projects, which have all been committed ahead of schedule. This also includes US$3.5 billion in new financing for food and nutrition security in hotspots

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