Yemen needs 22 billion dollars to get out of the state of food insecurity
English - Monday 24 July 2023 الساعة 03:49 pm
Aden, NewsYemen:
A new economic report said that Yemen is one of the largest countries in terms of food insecurity in the regional average of the Middle East and North Africa region, and it is classified as hotbeds of hunger based on the Integrated Classification of Food Security Stages.
According to the World Bank's "Long-Term Effects of High Prices and Food Insecurity in the Middle East and North Africa" report, food insecurity in Yemen increased from 10% in 2005 to an expected 99% in 2023.
The report indicated that the driving factors for food insecurity in Yemen are the conflict, the collapse of the economy, which was followed by high long-term inflation, and the decline in Yemen's ability to import food.
It noted that as the conflict continued, an inflationary economic crisis took hold, and inflation caused by the combined effect of currency depreciation and limited supply created a significant amount of food insecurity expected in the future.
Andrea 2022 projects the development financing needs of highly food-insecure countries in the region under the simplistic assumptions that the cost of providing minimum energy-rich food is $0.75 per person in 2021.
The Executive Board of the United Nations World Food Program estimated Yemen's development financing needs to reach a state of food insecurity ranging from 11 billion to 16 billion dollars in 2023, and from 11 billion to 22 billion dollars in 2027.
The report called on policy makers in Yemen to address chronic food insecurity before it becomes acute through a combination of short and long-term measures to address food insecurity.
It pointed out that the monetary interventions in Yemen may succeed in providing temporary relief solutions, but the urgent concern is to rebuild the economy.
