Inflation in food prices remains high globally, according to the World Bank's Food Security Update issued on Wednesday. Between December 2022 and March
Inflation in food prices remains high globally, according to the World Bank’s Food Security Update issued on Wednesday.
It is above 5 percent in 87 percent of upper-middle-income countries, some of which are experiencing double-digit inflation. This month, the World Bank announced plans to provide $30 billion over 15 months, including $12 billion, as part of efforts to tackle the crisis. “The $766 million West Africa Food Systems Resilience Programme is working to increase preparedness against food insecurity,” the report noted.
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