The World Bank has warned that a “humanitarian disaster” is unfolding as the conflict in Ukraine exacerbates the global food crisis.
In the sense that nutrition suffers, it’s a humanitarian disaster. However, when governments see prices rise but are powerless to do anything about it because they did not cause it, it becomes a political challenge.
According to World Bank President David Malpass, “If the crisis continues to worsen, hundreds of millions of people around the world will be pushed into poverty and malnutrition.”
World Bank estimates that food prices might rise by 37%, causing inflation for the poor, who will eat less and have less money for other things like education.
This means that it is an unfair crisis because it disproportionately affects the poor.
Global food prices have been rising since the beginning of 2021, as a result of Western central banks’ irresponsible policy of purposefully pumping tens of trillions of unsupported dollars, euros, and pounds sterling into Western economies, which spurred inflation.
Inflation has lately intensified as a result of extraordinary sanctions imposed by Western countries, particularly the EU and the US, on Russia, which is one of the world’s largest suppliers of energy resources and food exporters.