UN Launches Cairo Declaration to Address Hunger in Arab Region

Palestinian children wait for food at a distribution center in Deir al-Balah, Gaza Strip, Tuesday, Dec. 17, 2024. (AP Photo/Abdel Kareem Hana)
Palestinian children wait for food at a distribution center in Deir al-Balah, Gaza Strip, Tuesday, Dec. 17, 2024. (AP Photo/Abdel Kareem Hana)
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UN Launches Cairo Declaration to Address Hunger in Arab Region

Palestinian children wait for food at a distribution center in Deir al-Balah, Gaza Strip, Tuesday, Dec. 17, 2024. (AP Photo/Abdel Kareem Hana)
Palestinian children wait for food at a distribution center in Deir al-Balah, Gaza Strip, Tuesday, Dec. 17, 2024. (AP Photo/Abdel Kareem Hana)

Rising conflicts, inflation, and climate change have worsened the food crisis in the Arab region, reaching record levels in 2023, according to six UN agencies.

The crisis now affects over 14% of the population, with early signs showing an even greater escalation this year.

To address this, the six UN agencies issued the “Cairo Declaration on Financing Agrifood Systems Transformation in the Near East and North Africa Region” on Wednesday.

The six UN agencies reaffirmed their commitment to working closely with development banks, the private sector, and national governments to boost financial resources for transforming food and agricultural systems in the Arab region, aiming to improve food security and nutrition.

These agencies—FAO, IFAD, UNICEF, WFP, WHO, and ESCWA—also proposed creating cooperative funding platforms, led by governments and developed with partners, to help meet the second Sustainable Development Goal of ending hunger.

The “Cairo Declaration” was issued alongside a joint report titled the 2024 NENA Regional Overview of Food Security and Nutrition. The report warned that the Arab region is still far from reaching its food security and nutrition targets for 2030.

In 2023, 66.1 million people—14% of the Arab population—were affected by hunger. The report showed that around 186.5 million people (39.4% of the population) faced food insecurity, with 72.7 million suffering from severe food insecurity.

Conflicts remain the main cause of food insecurity and malnutrition in the region, compounded by economic challenges, income inequality, and extreme weather events.

Food prices have worsened the crisis, with malnutrition rates in conflict-affected countries jumping to 26.4% in 2023—four times higher than the 6.6% in stable countries. Ongoing conflicts and droughts are expected to further degrade food security and nutrition.

FAO’s Assistant Director-General and NENA Regional Representative Abdulhakim Elwaer emphasized the need for improved public resource use and additional funding to positively impact food systems in Arab countries.

The agencies stress that the report’s findings will drive efforts to create more efficient, inclusive, and sustainable food systems in the region, benefiting both people and the planet.

Over a third of the Arab population struggles to afford healthy food, with 151.3 million people unable to cover basic nutritional needs. This issue is especially severe in conflict zones, where 41.2% of people can't afford a healthy diet.



Gold Bounces Back from One-month Low after Fed Jitters

Gold bars from the vault of a bank are seen in this illustration picture taken in Zurich November 20, 2014. REUTERS/Arnd Wiegmann/File Photo
Gold bars from the vault of a bank are seen in this illustration picture taken in Zurich November 20, 2014. REUTERS/Arnd Wiegmann/File Photo
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Gold Bounces Back from One-month Low after Fed Jitters

Gold bars from the vault of a bank are seen in this illustration picture taken in Zurich November 20, 2014. REUTERS/Arnd Wiegmann/File Photo
Gold bars from the vault of a bank are seen in this illustration picture taken in Zurich November 20, 2014. REUTERS/Arnd Wiegmann/File Photo

Gold prices erased losses to gain on Thursday, after dipping to the lowest level in a month earlier in the day on the Federal Reserve's hint of a possible rate cut slowdown next year.
Spot gold gained 1.2% to $2,617.96 per ounce as of 0748 GMT, having hit its lowest since Nov. 18 in early trade. However, US gold futures were trading 0.8% lower at $2,632.00.
Bullion declined more than 2% on Wednesday after the Fed lowered rates by 25 basis points as expected, but indicated that there will be fewer cuts by the end of 2025, boosting the dollar and bond yields.
Fed Chair Jerome Powell said more reductions in borrowing costs now hinge on further progress in lowering stubbornly high inflation.
"The big question over here is that because the Fed says they will still be data-dependent and if Trump's policy starts to actually see inflation, a big risk would be that the Fed may not cut rates next year at all," said Kelvin Wong, OANDA's senior market analyst for Asia Pacific.
Markets now expect interest rates to remain unchanged at the Fed's January meeting.
"A rate cut is usually supportive for the yellow metal... but right now gold is up on short-covering after the dip," said Ajay Kedia, director at Kedia Commodities, Mumbai.
Traders are now awaiting key US GDP, initial jobless claims data later in the day and core PCE data - the Fed's preferred inflation measure - on Friday.
"If the US Personal Consumption Expenditures (PCE) data comes in line with expectations that shouldn't be a big surprise. But in case it inches up to 3% and above, we could see some pressure on gold again," Wong said, adding that very short-term oriented speculators are looking for opportunities to buy the dips.
Higher rates dull the appeal of the non-yielding asset.
Spot silver gained 0.8% to $29.59 per ounce, platinum added 0.9% to $927.75 and palladium advanced 1.7% to $917.86.