INTERNATIONAL FINANCIAL INSTITUTION (IFI) ACTION PLAN TO ADDRESS FOOD INSECURITY
This Action Plan stems from a meeting convened in April 2022 by Secretary Yellen on “Tackling Food Insecurity - The Challenge and Call to Action”, which included the heads of the IMF, World Bank, IFAD, and the Finance Ministers of Indonesia and Germany representing the G20 and the G7, respectively, as well as lead technical experts on food security and agriculture from the International Financial Institutions (IFIs).
The Russian war against Ukraine is the latest global shock that is exacerbating the sharp increase in both acute and chronic food insecurity in recent years driven by conflict, climate change and economic downturns, such as those associated with the COVID-19 pandemic. The IFIs are working swiftly to bring to bear their financing, policy engagement, technical assistance, and knowledge work to address rising food insecurity. TheIFI Action Plan to Address Food Insecurity details how IFIs are stepping up, surging, and scaling their work on food security and agriculture.