Food Problem Kian Sebesar, World Bank Prepares Dollar 30 Billions Of Funds Next Year

Illustration (Photo: Doc. ADB)

JAKARTA - The global financial organization of the World Bank is said to have prepared strategic funds of 30 billion US dollars to overcome the threat of food insecurity in 2023.

This was revealed from the statement of the Minister of Finance (Menkeu) Sri Mulyani, who is currently in Washington DC, United States.

"World Bank has committed to providing 30 billion US dollars for food and nutritional security projects during 2023," he said via his personal Instagram account @smindrawati on Wednesday, October 12.

According to the Minister of Finance, the decision of the global institution emerged in the first meeting of the Ministers of Finance and Agriculture (JFAMM) of the G20, Tuesday local time.

"First, we have reaffirmed our commitment to use all policy instruments to overcome the risk of food insecurity," said the Minister of Finance who was present on behalf of the Indonesian government.

He also said that a number of countries declared mutual agreements to continue to strengthen collaboration in warding off every challenge that existed.

"We will always be ready to take collective action so that we can immediately address food insecurity problems," he said.

Not only the World Bank, the Minister of Finance revealed that the Food and Agriculture Organization (FAO) also agreed to support the development of the latest global food market conditions, including through the G20 Agriculture Market Information System.

"We ask the two international organizations to map the global policy response to food insecurity with the help of experts," he said.

Furthermore, the Indonesian government specifically assesses that the development of food insecurity issues will continue to roll on. For this reason, serious and careful monitoring is needed in order to provide solutions that are beneficial to all parties.

"The initiative to address this problem will still be followed up under India's G20 Presidency for the 2023 period and we agreed to continue to maintain solidarity in overcoming urgent food security needs while minimizing its negative impacts," closed the Minister of Finance Sri Mulyani.