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Ukraine: Cost of War in Africa & Global South
Baroud, Ramzy
http://consortiumnews.com/2022/05/03/ukraine-cost-of-war-in-africa-global-south/Date Written: 2022-05-03 Publisher: Consortium News Year Published: 2022 Resource Type: Article Cx Number: CX24591 As the West is busy dealing with its own economic woes while cutting off Russian exports, little heed is being paid to those suffering the most. Abstract: - Excerpt: A horrific scenario awaits countries in the Global South which, unlike Germany, will not be able to eventually substitute Russian raw material from elsewhere. Countries such as Tunisia, Sri Lanka and Ghana and numerous others, are facing serious food shortages in the short, medium and long term. The World Bank is warning of a “human catastrophe” as a result of a burgeoning food crisis, itself resulting from the Russia-Ukraine war. The World Bank President, David Malpass, told the BBC that his institution estimates a “huge” jump in food prices, reaching as high as 37 percent, which would mean that the poorest of people would be forced to “eat less and have less money for anything else such as schooling.” This foreboding crisis is now compounding an existing global food crisis, resulting from major disruptions in the global supply chains, as a direct outcome of the Covid-19 pandemic, as well as pre-existing problems, resulting from wars and civil unrest, corruption, economic mismanagement, social inequality and more. Subject Headings |