As of March 2023, the International Monetary Fund had pledged $3.7 billion to addressing the world food problem.
This information was provided by the IMF in a study that was just released on Wednesday and was headed "World Food Crisis Update—Recent Events, Outlook, and IMF Involvement."
The Washington-based bank reported that since February 2022, $13.2 billion had been given to countries experiencing a food crisis.
The IMF ascribed the increase in food prices on the February 2022 Russia-Ukraine war and supply chain disruptions brought on by the pandemic.
In numerous fragile and conflict-affected states (FCSs), including Ethiopia, Nigeria, Somalia, South Sudan, and Yemen, the impact of ongoing wars and catastrophic climate-related catastrophes has aggravated the repercussions of the global food crisis, the bank claims.
According to the World Food Program's most recent report, 345 million people in 79 countries are anticipated to experience acute food insecurity in 2023, an all-time high and more than twice the number for 2020. IMF data is consistent with this prediction.
In line with the report, since February 2022, "new promises to nations disproportionately afflicted by the global food crisis amount $13.2 billion, of which $3.7 billion has been disbursed."