File Photo

A recent Moody’s report stated that the war in Ukraine and Russia caused food prices to rise dramatically, leading to food insecurity in countries that depend on imported goods.

According to Arab News, Moody’s report added that countries like Mozambique, Rwanda, Zambia, and Ethiopia are the most vulnerable to food insecurity.
Geopolitical conflicts and disruptions in the trade flow of agricultural production, agricultural goods, and inputs are the main drivers of malnutrition.

According to the report, food insecurity has a huge impact on economic and social aspects, which reduces the supply of food items and has negative effects on education and other costs.
“Food shortages and high cost may force low-income peoples to divert money from health and education to food, further creating problems,” the report added.

According to the report, due to a lack of food items, diseases increase, the education system is affected, and the person’s working capacity decreases.
According to the African Union Commission’s 2022 report, about 21 African economies lose between 1.9 percent and 16.5 percent of their annual gross domestic product due to food insecurity.

File photo
Inflation outpaces wage growth in most U.S. cities

By Admin