Remarks by World Bank Group President Malpass at the G7 Ministerial Conference on Uniting for Global Food Security

These remarks were delivered by World Bank Group President Malpass at the G7 Ministerial Conference on Uniting for Global Food Security on June 24, 2022. He said food systems were fragile even before Russia invaded Ukraine, and the war has now acce...

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Main Author: Malpass, David
Format: Speech
Language:English
Published: World Bank, Washington, DC 2022
Subjects:
Online Access:http://documents.worldbank.org/curated/en/099229007012220712/IDU07de7d771030a0a7dd0c4dcdb563b0e
http://hdl.handle.net/10986/37719
id okr-10986-37719
recordtype oai_dc
spelling okr-10986-377192022-07-20T05:10:36Z Remarks by World Bank Group President Malpass at the G7 Ministerial Conference on Uniting for Global Food Security Malpass, David FOOD SECURITY IN G7 IMPACT OF RUSSIAN INVASION OF UKRAINE FOOD EXPORT RESTRICTIONS FOOD PRICE INFLATION TARGETED CASH TRANSFERS ACCESS TO FERTILIZER INVESTMENT IN RESILIENT FOOD SYSTEMS GLOBAL ALLIANCE FOR FOOD SECURITY WORLD BANK LENDING FOR RESILIENT FOOD SYSTEMS EMERGENCY CASH TRANSFERS TO VULNERABLE HOUSEHOLDS These remarks were delivered by World Bank Group President Malpass at the G7 Ministerial Conference on Uniting for Global Food Security on June 24, 2022. He said food systems were fragile even before Russia invaded Ukraine, and the war has now accelerated a global food crisis. He recommended the following actions that countries should take to mitigate impacts of higher food prices and make sure that the most vulnerable continue to have food: First, support vulnerable households through social safety nets and well-targeted cash transfers; Second, enhance the next season's production by facilitating farmers’ access to agriculture inputs such as fertilizers; Third, invest in strengthening the resilience of food systems; and fourth, and most importantly, facilitate increased trade by building international consensus. He said that to help countries taking these actions, the World Bank Group is making up to thirty billion available over the next fifteen months. He highlighted that together with the G7 Presidency, the World Bank has co-convened the Global Alliance for Food Security – an alliance for countries and organizations to support existing initiatives and catalyze an immediate and concerted response. He concluded by saying that he looks forward to more opportunities to work with G7 member countries and other organizations. 2022-07-19T15:29:06Z 2022-07-19T15:29:06Z 2022-06-24 Speech http://documents.worldbank.org/curated/en/099229007012220712/IDU07de7d771030a0a7dd0c4dcdb563b0e http://hdl.handle.net/10986/37719 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC President's Speech European Union Canada France Germany Italy Japan United Kingdom United States
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
topic FOOD SECURITY IN G7
IMPACT OF RUSSIAN INVASION OF UKRAINE
FOOD EXPORT RESTRICTIONS
FOOD PRICE INFLATION
TARGETED CASH TRANSFERS
ACCESS TO FERTILIZER
INVESTMENT IN RESILIENT FOOD SYSTEMS
GLOBAL ALLIANCE FOR FOOD SECURITY
WORLD BANK LENDING FOR RESILIENT FOOD SYSTEMS
EMERGENCY CASH TRANSFERS TO VULNERABLE HOUSEHOLDS
spellingShingle FOOD SECURITY IN G7
IMPACT OF RUSSIAN INVASION OF UKRAINE
FOOD EXPORT RESTRICTIONS
FOOD PRICE INFLATION
TARGETED CASH TRANSFERS
ACCESS TO FERTILIZER
INVESTMENT IN RESILIENT FOOD SYSTEMS
GLOBAL ALLIANCE FOR FOOD SECURITY
WORLD BANK LENDING FOR RESILIENT FOOD SYSTEMS
EMERGENCY CASH TRANSFERS TO VULNERABLE HOUSEHOLDS
Malpass, David
Remarks by World Bank Group President Malpass at the G7 Ministerial Conference on Uniting for Global Food Security
geographic_facet European Union
Canada
France
Germany
Italy
Japan
United Kingdom
United States
description These remarks were delivered by World Bank Group President Malpass at the G7 Ministerial Conference on Uniting for Global Food Security on June 24, 2022. He said food systems were fragile even before Russia invaded Ukraine, and the war has now accelerated a global food crisis. He recommended the following actions that countries should take to mitigate impacts of higher food prices and make sure that the most vulnerable continue to have food: First, support vulnerable households through social safety nets and well-targeted cash transfers; Second, enhance the next season's production by facilitating farmers’ access to agriculture inputs such as fertilizers; Third, invest in strengthening the resilience of food systems; and fourth, and most importantly, facilitate increased trade by building international consensus. He said that to help countries taking these actions, the World Bank Group is making up to thirty billion available over the next fifteen months. He highlighted that together with the G7 Presidency, the World Bank has co-convened the Global Alliance for Food Security – an alliance for countries and organizations to support existing initiatives and catalyze an immediate and concerted response. He concluded by saying that he looks forward to more opportunities to work with G7 member countries and other organizations.
format Speech
author Malpass, David
author_facet Malpass, David
author_sort Malpass, David
title Remarks by World Bank Group President Malpass at the G7 Ministerial Conference on Uniting for Global Food Security
title_short Remarks by World Bank Group President Malpass at the G7 Ministerial Conference on Uniting for Global Food Security
title_full Remarks by World Bank Group President Malpass at the G7 Ministerial Conference on Uniting for Global Food Security
title_fullStr Remarks by World Bank Group President Malpass at the G7 Ministerial Conference on Uniting for Global Food Security
title_full_unstemmed Remarks by World Bank Group President Malpass at the G7 Ministerial Conference on Uniting for Global Food Security
title_sort remarks by world bank group president malpass at the g7 ministerial conference on uniting for global food security
publisher World Bank, Washington, DC
publishDate 2022
url http://documents.worldbank.org/curated/en/099229007012220712/IDU07de7d771030a0a7dd0c4dcdb563b0e
http://hdl.handle.net/10986/37719
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