During the World Bank’s Spring Meeting from April 18 - 24, 2022, the German Minister for Economic Cooperation and Development, Svenja Schulze, proposed a new alliance for global food security to prevent a global food crisis caused by the Russian war in Ukraine.
Ukraine and Russia are two of the most important wheat exporters and suppliers to the World Food Programme. Following the outbreak of the war, food prices increased sharply and wheat supply plummeted, signaling a looming famine, especially for export-dependent countries in Africa and Asia. According to Schulze, the new alliance should ensure rapid coordination of efforts from government donors, international organizations, the private sector, and foundations, and provide short-term crisis support for the most- affected countries, as well as build up resilient production capacities in these countries over the long term.
Schulze presented her proposal to the group of G7 and advocated for more international support during the Spring Meeting in Washington, D.C. Germany holds the G7 presidency this year. Many World Bank Governors, as well as World Bank President David Malpass, the Director of the World Food Programme, David Beasley, and the Indonesian Minister of Finance and representative of the G20 Presidency, Sri Mulyani Indrawati, supported the suggested initiative and announced their engagement.
Chancellor Olaf Schulz announced that Germany will contribute an additional €430 million (US$474 million) to support global food security during the current crisis.