Financing Platform Launched by IFC: The International Finance Corporation (IFC), the private sector investment arm of the World Bank, has introduced a new, $6 billion funding facility to boost the private sector’s capacity to respond to the Global Food crisis and aid in food production in response to mounting food insecurity. Rising levels of hunger and malnutrition (Global Food Crisis) have already been made worse by climate change and increasingly extreme weather events that are destroying harvests and lowering yields. The conflict in Ukraine and an unequal worldwide recovery from the COVID-19 pandemic have exacerbated to this trend.
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