WFP, UNEP Boost Global Food and Water Security

WFP, UNEP Boost Global Food and Water Security
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WFP, UNEP Boost Global Food and Water Security

WFP, UNEP Boost Global Food and Water Security

The UN World Food Program (WFP) and the UN Environment Program (UNEP) signed an agreement in Nairobi on Friday to tackle the devastating impacts of the climate crisis, environmental degradation and biodiversity and ecosystem loss on the food and water security of millions of people around the world.

The agreement advances collaboration on climate change adaptation, nature-friendly food systems, water resource management and ecosystems restoration.

It was signed by Cindy McCain, WFP’s Executive Director and Inger Andersen, UNEP’s Executive Director.

“Food and water go hand in hand: we urgently need to restore our ecosystems and scale up climate adaptation programs to ensure future generations have the basic resources needed to grow enough food,” said McCain.

“WFP’s global footprint and operational scale, combined with UNEP’s world-class scientific expertise, will help governments, communities, and families on the frontlines of the climate crisis better protect themselves. Our partnership will reduce humanitarian needs and support long-term solutions to hunger.”

According to Andersen: “If we work more closely together, we can create real, meaningful impact. We can enhance climate mitigation and adaptation. We can support vulnerable populations to address nature-induced conflicts and natural disasters. We can maintain healthy, productive, and resilient ecosystems. We can deliver on both our mandates and reduce the vicious cycle of humanitarian and environmental crises.”



Ukraine Receives New IMF Loan 1,000 Days into War

A Ukrainian national flag flutters near buildings destroyed by Russian military strikes in Borodianka, Ukraine, February 15, 2023. (Reuters)
A Ukrainian national flag flutters near buildings destroyed by Russian military strikes in Borodianka, Ukraine, February 15, 2023. (Reuters)
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Ukraine Receives New IMF Loan 1,000 Days into War

A Ukrainian national flag flutters near buildings destroyed by Russian military strikes in Borodianka, Ukraine, February 15, 2023. (Reuters)
A Ukrainian national flag flutters near buildings destroyed by Russian military strikes in Borodianka, Ukraine, February 15, 2023. (Reuters)

The International Monetary Fund (IMF) and Ukrainian authorities have reached an agreement that would give Ukraine access to about $1.1 billion, the IMF said on Tuesday, adding that its executive board must still weigh in on the deal.

If approved, the agreement would bring the total amount disbursed to Ukraine under the program to $9.8 billion, the IMF statement said, adding that the board was expected to review the deal in coming weeks.

“The outlook remains exceptionally uncertain and Russia's war in Ukraine continues to take a heavy toll on Ukraine's people, economy, and infrastructure,” the funds' staff wrote, adding that despite those challenges the program “remains on track.”

“The economy has continued to show resilience despite the devastating challenges arising from Russia’s war in Ukraine, which has now lasted 1,000 days,” it added.

“However, risks remain exceptionally high given uncertainty on the intensity and duration of the war, including from the continued attacks on energy infrastructure.”

IMF staff, which met with Ukrainian officials Nov. 11-18, said the country's real GDP growth was expected to be 4% this year but slow to 2.5%-3.5% in 2025 amid energy infrastructure damage and labor shortages.

Inflation in Ukraine also reached 9.7% year-over-year in October over rising food and labor costs “but inflation expectations remain well anchored,” IMF staff concluded.