According to the head of the Asian Development Bank, a comprehensive program of support to ameliorate the food crisis in Asia and the Pacific will cost at least $14 billion between 2022 and 2025.
ADB President Masatsugu Asakawa stated during a news briefing that “our response would be comprehensive, bringing into emphasis both the urgent and long-term elements of food security.”
Assistance under the scheme, according to the ADB, will start this year and come from both the lender’s operations in the public and private sectors.
As a result of the conflict, which has disrupted supplies of agricultural staples and fertilizer, the Russian invasion of Ukraine has exacerbated an already fragile global food chain.
A unique military operation, according to Russia, is what it is doing in Ukraine.
In a separate speech at the ADB’s 55th annual conference, Asakawa said, “This is a timely and urgently required reaction to a crisis that is leaving too many poor families in Asia hungry and deeper poverty.”
Mahnur is MS(development Studies)Student at NUST University, completed BS Hons in Eng Literature. Content Writer, Policy analyst, Climate Change specialist, Teacher, HR Recruiter.
