The G7 allocates up to $5B for food security.

The G7 countries have agreed to mobilize more than $4.5B to counter Russian-caused food instability, which could put 20 million people on the brink of starvation, announced the White House. More than half of that money will come from the United States. President Joe Biden will announce additional funding of $2.76B to help protect the world’s most vulnerable populations. Of that nearly $2.8B, $2B will be used to save lives through emergency interventions, and $760M will be spent on short-term food aid to alleviate further growth in poverty and hunger in vulnerable countries affected by high prices for food, fertilizers, and fuel. In 2022, up to 40 million people might find themselves in poverty due to Putin’s war in Ukraine.