G7 Allocates up to $5 Billion for Food Security

The G7 countries will commit up to $5 billion for global food security, the US administration said. More than half of the amount will come from the United States, a senior US government official said Tuesday at the G7 summit in Elmau, Germany.

 

The government representative accused Russian President Vladimir Putin of using “food as a weapon of war”. It is estimated that up to 40 million people could fall into poverty this year as a result of Putin’s war against Ukraine.

The administration official also said that during the summit, US President Joe Biden will pledge $2.76 billion in additional US funding for efforts in more than 47 countries and regional organizations.

Two billion dollars of this would be used to save lives through direct humanitarian action. $760 million would be earmarked for sustainable food aid in the short and medium-term.

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