Keep the domestic supply chain gears moving, and.Meet the immediate food needs of their vulnerable populations,.In order to address these risks, the Food and Agriculture Organization urges countries to: In light of the pandemic’s effects on the food and agricultural sector, prompt measures are needed to ensure that food supply chains are kept alive to mitigate the risk of large shocks that have a considerable impact on everybody, especially on the poor and the most vulnerable. Their analysis of the economic and food security implications of the pandemic outlines the poten tial impact of COVID-19 on the world’s poorest people. The World Food Programme’s food assistance programme provides a critical lifeline to 87 million vulnerable people across the world. The war in Ukraine is further disrupting global food supply chains and creating the biggest global food crisis since the Second World War.Ģ.4 By 2030, ensure sustainable food production systems and implement resilient agricultural practices that increase productivity and production, that help maintain ecosystems, that strengthen capacity for adaptation to climate change, extreme weather, drought, flooding and other disasters and that progressively improve land and soil quality.Ģ.5 By 2020, maintain the genetic diversity of seeds, cultivated plants and farmed and domesticated animals and their related wild species, including through soundly managed and diversified seed and plant banks at the national, regional and international levels, and promote access to and fair and equitable sharing of benefits arising from the utilization of genetic resources and associated traditional knowledge, as internationally agreed.Ģ.A Increase investment, including through enhanced international cooperation, in rural infrastructure, agricultural research and extension services, technology development and plant and livestock gene banks in order to enhance agricultural productive capacity in developing countries, in particular least developed countries.Ģ.B Correct and prevent trade restrictions and distortions in world agricultural markets, including through the parallel elimination of all forms of agricultural export subsidies and all export measures with equivalent effect, in accordance with the mandate of the Doha Development Round. The COVID-19 crisis has pushed those rising rates even higher and has also exacerbated all forms of malnutrition, particularly in children. The number of people going hungry and suffering from food insecurity had been gradually rising between 2014 and the onset of the COVID-19 pandemic. Globally, 149.2 million children under 5 years of age, or 22.0 per cent, were suffering from stunting (low height for their age) in 2020, a decrease from 24.4 per cent in 2015. The figure increased by nearly 320 million people in just one year. Also in 2020, a staggering 2.4 billion people, or above 30 per cent of the world’s population, were moderately or severely food-insecure, lacking regular access to adequate food. In 2020, between 720 million and 811 million persons worldwide were suffering from hunger, roughly 161 million more than in 2019. UBS announced several high-level appointments, including that Credit Suisse CEO Ulrich Körner will join its executive board with the job of “ensuring Credit Suisse’s operational continuity and client focus, while supporting the integration process.Sustainable Development Goal 2 is about creating a world free of hunger by 2030. “Together we will solidify and represent the Swiss model for finance around the world, one that is capital-light, less reliant on taking risk and anchored by stability and high-touch service,” he said. “This is a pivotal moment for UBS, Credit Suisse and the entire banking industry,” said UBS CEO Sergio Ermotti, who was brought back to the bank to help see the deal through. banks that has shaken confidence in the sector. The merger aimed to stem upheaval in the global financial system after the collapse of two U.S. The two Zurich-based banks, longtime rivals, are uniting in a $3.25 billion deal hastily arranged in March by Swiss government officials and regulators after Credit Suisse’s stock plunged and jittery depositors quickly pulled out their money. GENEVA (AP) - UBS said Tuesday it’s bringing the CEO of Credit Suisse on to its executive board and will keep the two banks operating separately “for the foreseeable future” as it moves forward with a high-profile merger expected to close within two weeks. Business & Finance Click to expand menu.
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