World Faces Worst Food Shock in More Than a Decade, IMF Says
- Food insecurity to worsen despite recent drop in prices: IMF
- The 48 most affected nations need $50 billion for 2022
The IMF said this food crisis is at least equal to that seen in 2007-08, which spurred severe shortages.
Photographer: Sajjad Hussain/AFP/Getty Images
The world is now facing a food crisis at least as serious as the one experienced more than a decade ago, with food insecurity about to get worse, the International Monetary Fund warned, urging a decisive and coordinated approach.
Even though food prices have fallen in recent months, food insecurity is likely to worsen because of multiple factors including supply bottlenecks, challenges to Ukraine’s crops and high prices of fertilizers and energy, the IMF said in a report Thursday. This food crisis is at least equal to that seen in 2007-08, which spurred severe food shortages and many deaths, and led to social and political unrest, it said.