The World Bank is making up to $30 billion available as part of a global response to the food crisis.Īccelerating climate change could further cut crop yields, especially in the world’s most food-insecure regions. The war in Ukraine has triggered a global food crisis that is driving millions more into extreme poverty.
Growth in the agriculture sector is two to four times more effective in raising incomes among the poorest compared to other sectors.Īgriculture is also crucial to economic growth: accounting for 4% of global gross domestic product (GDP) and in some least developing countries, it can account for more than 25% of GDP.īut agriculture-driven growth, poverty reduction, and food security are at risk: Multiple shocks – from COVID-19 related disruptions to extreme weather, pests, and conflicts – are impacting food systems, resulting in higher food prices and growing hunger.
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