Yellen Addresses Food Security at Green Climate Fund Agriculture Site in Lusaka: Africa
U.S. Treasury Secretary Janet Yellen and her team on a visit to Jave Foods in Lusaka, "We spoke of our journey, our challenges and most importantly why we keep at it. The need to support local food producers will help fight food inflation & food insecurity," Monica Musonda, the company founder. said in a Tweet.Thank you very much. It’s great to be here.
The first to be hit hard are the world’s poor – in the United States as well, but particularly in developing countries in Africa and elsewhere. Simply put, Russia’s unprovoked war of aggression against its neighbor has hurt Africa by exacerbating existing food insecurity and creating an unnecessary drag on the continent’s economy.
We have also rallied countries and international organizations to avoid export restrictions and impediments to humanitarian aid delivery. It is important that food and other critical supplies can flow more freely. The United States has made sure to exempt food and key agricultural commodity exports from its sanctions programs to further enable their flow onto global markets.
While the policy is in the early stages of implementation, Treasury estimates that it could result in around $6 billion in annual savings for the 17 largest net oil-importing African countries.
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