The Impact of the War in Ukraine on Food Security | World Bank Expert Answers

Even before the war in Ukraine, food insecurity around the world was rising. Ukraine and Russia account for 29% of global wheat experts and 62% of sunflower oil. This invasion is likely to exacerbate food price inflation in emerging markets and developing economies and impact some of the poorest and most vulnerable countries. Juergen Voegele, the World Bank’s Vice President for Sustainable Development, joins Expert Answers to discuss the impact on a global food system that is already fragile from two years of COVID-19 disruptions, climate extremes, currency devaluations, and worsening fiscal constraints. Learn more about the work of the World Bank in food security: http://wrld.bg/FC2m50IBc5Y 00:00 Introducing Juergen Voegele, World Bank VP for Sustainable Development 01:00 Pre-existing drivers to the rising food insecurity 02:11 Products and foods particularly affected by the war in Ukraine 04:50 Importing countries most affected by the war in Ukraine 06:06 Exports restrictions: Is that an effective strategy? 07:10 Supporting those that are most at risk of food insecurity 08:41 How countries can improve their resilience to external shocks 11:02 The support being offered by the World Bank in food security 12:11 Thanks Juergen for sharing your expertise! Watch more #WorldBankExpertAnswers episodes! http://wrld.bg/Npmq50Hrq8H ABOUT THE WORLD BANK GROUP 🌐 The World Bank Group is one of the world’s largest sources of funding and knowledge for low-income countries. Its five institutions share a commitment to reducing poverty, increasing shared prosperity, and promoting sustainable development. http://www.worldbank.org