Its president World Bank David Malpas today urged advanced economies to step up food aid to developing countries but also to work to increase food, energy and fertilizer production to meet shortages and tackle rising war-induced prices. Russia in Ukraine.
Malpas, in the joint press conference he gave together with his boss International Monetary Fund Kristalina Georgievasaid cash or vouchers would be a good way to help farmers in poor countries buy fertilizers and ensure food production continues.
Georgieva commented that the crisis is widening the gap between rich and poor countries and stressed that it is crucial to diversify food, energy and fertilizer production to reduce dependence on Russia.
On Thursday, Malpas will meet with Ukrainian Prime Minister Dennis Smihal and Finance Minister Sergiy Martsenko to discuss what the country needs in addition to the initial funding provided by the World Bank and the IMF. Georgieva will also take part in the meeting.
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