The World Bank has announced intentions to allocate $2.3 billion to aid badly affected countries in Eastern and Southern Africa amid acute food shortages in various regions of Africa.
According to Business Insider Africa, the funds would be distributed through the World Bank's Food Systems Resilience Program.
Ethiopia, Madagascar, Comoros, the Democratic Republic of the Congo, and Lesotho are among the 11 nations that stand to gain. Others include South Sudan, Zimbabwe, Tanzania, Zambia, Malawi, and Mozambique. Two phases would be used to distribute the cash. Ethiopia and Madagascar will each receive $788 million in the first phase. The financial plan is anticipated to assist at least 2.3 million people.
The final nine nations will take part in the program's subsequent stages of food security resilience.
The World Bank went on to say that the program's primary goal is to improve the inter-agency strategies for responding to food crises in African countries, notably by bolstering early warning systems, quick response planning, and emergency support for food producers. In addition, food reserves will need to be built, among other things.
You should be aware that many African nations are struggling with issues related to food insecurity brought on by both natural and artificial forces, such as drought, war, the pandemic, and most recently, the conflict in Ukraine.
We recently published an article outlining some of the nations that the International Monetary Fund predicts will have a worsening food crisis in 2022. (IMF). We also covered how East Africans are already facing difficult economic conditions as a result of the unprecedentedly high rise in food costs.
According to the World Bank, the growing food scarcity situation could have an impact on as many as 66.4 million people in Africa.
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