The United States, several global development banks and other groups unveiled a multibillion-dollar plan Wednesday meant to address a worldwide food security crisis exacerbated by Russia’s war in Ukraine.The US Department of the Treasury announced that several global development banks are “working swiftly to bring to bear their financing, policy engagement, technical assistance” to prevent starvation prompted by the war, rising food costs and climate damage to crops.Tens of billions of dollars will be spent on supporting farmers, addressing the fertiliser supply crisis, and developing land for food production, among other issues. The Asian Development Bank will contribute funds to feeding Afghanistan and Sri Lanka and the African Development Bank will use $1.5bn to assist 20 million African farmers, according to the Treasury.
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