IFIs Respond to Global Hunger Crisis
With the support of their respective member countries, international financial institutions (IFIs) provide financial and technical assistance to lower-income countries to support economic growth and improve living standards. IFIs provide support through grants as well as through loans at favorable, below-market rates.
The IFIs are the largest source of international financing for many low- and middle-income countries, making these institutions key partners in national development agendas. Since the beginning of the COVID-19 pandemic, they have mobilized unprecedented levels of financial resources to support countries in responding to the health and economic fallout of the COVID-19 pandemic, including devastating worldwide surges in hunger and malnutrition.