IFC launches financing platform to respond to global food crisis

October 7, 2022

IFC launches financing platform to respond to global food crisis: The investment arm of World Bank, the International Finance Corp. (IFC) has launched a $6 billion financing facility.

October 2022 Current Affairs Quiz

Aim: To strengthen private sector’s ability to respond to the crisis and help support food production.

Concern: The Ukraine war and an uneven global recovery from the COVID-19 pandemic have raised the levels of hunger and malnourishment.

This crises have already worsened by climate change(damaging harvests and reducing yields).