A United Nations report has found that more than 70 per cent of Africa’s economies are at severe risk from the Russia’s war in Ukraine. The African Development Bank (AfDB) is one of several international organisations, including UN specialised agencies and development lenders that are considering a plan to boost food production in Africa and avert a heavy toll on the African continent. UN Secretary-General, Antonio Guterres announced the establishment of the 32-member UN Global Crisis Response Group, which he chairs. Its members are heads of the various organisations while its first brief, released in New York, found that 41 African countries face maximum exposure to at least, one emergency caused by the war.
“The war is supercharging a three-dimensional crisis of food, energy and finance that is pummeling some of the world’s most vulnerable people, countries and economies,” Guterres warned at a virtual press conference. The Global Crisis Response Group wouldl help decision-makers around the world mobilise solutions and develop strategies and recommendations to help all countries – including the most vulnerable – weather the interlinked crises. Preliminary analysis suggests that as many as 1.7 billion people in 107 economies are exposed to at least one of the three risks highlighted by the Global Crisis Response Group.
The UN report further calls for immediate and efficient use of all existing mechanisms to help countries directly suffering from the war and its consequences. Guterres said action plans recommended by Global Crisis Response Group target Africa particularly, African countries that are among the most vulnerable to the looming crisis. AfDB President, Dr. Akinwumi Adesina said the emergency food plan would build on the success of existing programmes, such as the African Development Bank’s Technologies for African Agricultural Transformation (TAAT) initiative, which had provided 11 million farmers across 29 African countries with such technologies as drought-resistant maize, heat-resistant wheat, and higher-yielding seed varieties.
Adesina said the African Development Bank’s plan could help 40 million farmers increase their harvests of heat-tolerant wheat varieties, rice, soybean and other crops to feed about 200 million people. “If ever there was a time to drastically raise food production in Africa, it is now”, the Bank Group President said. Guterres also announced the appointment of six heads of state. as global champions, to drive global advocacy and foster the needed political will to spur action. They are President Macky Sall of Senegal, who currently chairs the African Union; Danish Prime Minister, Mette Frederiksen; President Joko Widodo of Indonesia; German Chancellor Olaf Scholz; Prime Minister Mia Mottley of Barbados; and Prime Minister Sheikh Hasina of Bangladesh.
Prices of food, energy, and fertiliser have risen sharply, with increasing risks of global instability, given that Russia and Ukraine are among the world’s breadbaskets. “We need really to have a sense of urgency – restrictions need to be abolished, there should be no hoarding of any of these products and most importantly, we need to use immediately, the financial instruments available”, Guterres said. Russia and Ukraine provide around 30 per cent of the world’s wheat and barley, one-fifth of its maize, and over half of its sunflower oil. At the same time, Russia is the world’s top natural gas exporter, and second-largest oil exporter. Russia and its neighbour, Belarus, export around one-fifth of the world’s fertilisers – AfDB.
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