World Bank pledges 45 billion dollars to fight food crisis in Africa

As the global food crisis continues to wreak havoc, the World Bank says it has scaled up its efforts to tackle rising food insecurity, particularly in Africa.

According to the latest update released yesterday, the Bank has now made available $45 billion through a combination of new lending and existing portfolio, surpassing its initial commitment of $30 billion over 15 months.

Accordingly, the Bank’s food and nutrition security portfolio now spans 90 countries, with a specific focus on both short-term interventions, such as expanding social protection, and longer-term resilience measures, including boosting productivity and climate-smart agriculture.

Reports say that in Africa, the World Bank’s interventions are expected to benefit millions, with a particular emphasis on addressing the disproportionate impact on women.

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