World Bank: Middle East may witness tensions due to Ukraine crisis

Germany is hosting an online meeting of the agricultural ministers of countries group of seven Major industrial companies on Friday to discuss the repercussions of the war amid growing concerns about the stability of food markets.

Reinhart said in an interview with Archyde.com "There will be important repercussions for The Middle East Africa, North Africa and Sub-Saharan Africa, specifically" which is already suffering from a lack of Food security.

و .ضافت "It is well known that food insecurity and riots were part of the story of the (so-called) Arab Spring"noting that coups Successful and unsuccessful have increased in the past two years.

وبأت protests The outbreak in 2010 in Tunisia and then spread to five other countries: Libya, Egypt, Yemen and Syria.

Sudden increases in food prices can lead to social unrest, as happened in 2007-2008 and again in 2011, when riots in more than 40 countries were linked to a rise in food prices. global food prices.

The World Bank said last month, days after the start of the war in Ukraine, that agricultural commodity prices had already increased 35 percent year-on-year and were expected to continue rising due to the war, given that Russia and Ukraine are major exporters of wheat, corn, barley and sunflower oil.

The World Bank warned last month that repercussions It may be particularly harsh in the Middle East and North Africa, where countries import most of their wheat and oil from Ukraine and Russia.

Reinhart said that Central Asian countries also face significant economic challenges due to their close economic and trade relations with Russia, which the IMF expects International Monetary to slide to slack This year because of Western sanctions.

“>

Germany is hosting an online meeting of the agricultural ministers of countries group of seven Major industrial companies on Friday to discuss the repercussions of the war amid growing concerns about the stability of food markets.

“There will be important implications for The Middle East Africa, North Africa and sub-Saharan Africa, in particular” which are already suffering from a lack of Food security.

“It is known that food insecurity and riots were part of the story of the (so-called) Arab Spring,” she added, noting that coups Successful and unsuccessful have increased in the past two years.

وبأت protests The outbreak in 2010 in Tunisia and then spread to five other countries: Libya, Egypt, Yemen and Syria.

Sudden increases in food prices can lead to social unrest, as happened in 2007-2008 and again in 2011, when riots in more than 40 countries were linked to a rise in food prices. global food prices.

The World Bank said last month, days after the start of the war in Ukraine, that agricultural commodity prices had already increased 35 percent year-on-year and were expected to continue rising due to the war, given that Russia and Ukraine are major exporters of wheat, corn, barley and sunflower oil.

The World Bank warned last month that repercussions It may be particularly harsh in the Middle East and North Africa, where countries import most of their wheat and oil from Ukraine and Russia.

Reinhart said that Central Asian countries also face significant economic challenges due to their close economic and trade relations with Russia, which the IMF expects International Monetary to slide to slack This year because of Western sanctions.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.