Salem Radio Network News Friday, July 1, 2022

World

World Bank to offer $30 billion over 15 months to ease looming food crisis-Treasury report

BONN (Reuters) – The World Bank will make $30 billion available to help stem a food security crisis threatened by Russia’s war in Ukraine, which has cut off most grain exports from the two countries, the U.S. Treasury said in a report on food security plans from international financial institutions on Wednesday.

The total will include $12 billion in new projects and $18 billion funds from existing food and nutrition-related projects that have been approved but have not yet been disbursed, the Treasury report said.

(Reporting by David Lawder; Editing by Andrew Heavens)

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