“Around 1.7 billion people around the world are extremely vulnerable to disruptions in food and energy supplies during the crisis in Ukraine,” said UN Secretary-General Antonio Guterres.
Up to 1.7 billion people - a third of whom are already living in poverty - are now highly vulnerable to disruptions in food, energy, and financing systems that lead to increased poverty and hunger, Guterres warned - in a press conference quoted by the American newspaper (The Hill).
Earlier, David Malpass, President of the World Bank (WB), indicated that the world has never witnessed a similar recession in many countries, as it is currently happening; which severely caused the loss of capital, jobs, and livelihoods.
Malpass explained that for every one percentage point increase in food prices, 10 million people are expected to fall into extreme poverty. Which makes the sudden rise in the prices of basic commodities will only be borne by the wealthy.
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