The Human Cost of the Food and Fuel Crises | WBG-IMF 2022 Annual Meetings

Even before the war in Ukraine, food and energy prices and global hunger were already on the rise due to the COVID-19 pandemic, climate change impacts, and conflicts. The first half of 2022 has witnessed one of the largest shocks to global food and energy markets that the world has seen in decades. While most countries are impacted by these shocks, poor households face the highest burden. This event will look at specific actions that the international community needs to focus on to address both energy and food shocks, using concrete examples of how countries are working on tackling the immediate crises without compromising long-term goals of efficiency, sustainability, and resilience. It will examine a number of tangible solutions that are shaping a sustainable recovery from the point of view of countries and communities, offering a snapshot of immediate action from across WBG regions in our client countries. Learn more: http://wrld.bg/E4oN50KYKu5

🗣️ Speakers
David R. Malpass, President of the World Bank Group
Axel van Trotsenburg, Managing Director of Operations, World Bank
Johan Swinnen, Director general of the International Food Policy Research Institute (IFPRI)
Seedy K. M. Keita, Minister of Finance and Economic Affairs, Gambia
Rania Al-Mashat, Minister of International Cooperation, Arab Republic of Egypt
Anne Beathe Tvinnereim, Minister of International Development of Norway
Mostafa Terrab, Chairman and CEO, OCP Group
Moderator: Meriem Gray, Communications Lead, Sustainable Development, World Bank

📑 Agenda
00:00 Welcome! Annual Meetings | Food and Fuel Crises
02:49 Responding to the food and energy crises
23:11 Live Q&A
29:40 The human cost of food and fuel shortages
33:38 Data in focus: Food and fuel prices
34:46 How to transition to clean energy and resilient food systems
59:19 Voices of youth: Ideas for action
01:02:24 Social media conversation and poll
1:04:52 Key takeaways and closure

ABOUT THE #WBGIMFmeetings: The 2022 World Bank Group - IMF Annual Meetings will convene leaders, experts, and activists to discuss how best to respond to the multiple overlapping crises facing developing countries and how to work together to build a resilient future. Join our top-level discussions focusing on investing in education, accelerating climate finance, promoting inclusive growth & responding to the food & fuel crises. http://wrld.bg/HnW450KXs0x

ABOUT THE WORLD BANK GROUP The World Bank Group is one of the world’s largest sources of funding and knowledge for low-income countries. Its five institutions share a commitment to reducing poverty, increasing shared prosperity, and promoting sustainable development. http://www.worldbank.org