Food and Agriculture

Coming Together to Address the Global Food Crisis
Food and Agriculture

Coming Together to Address the Global Food Crisis

Even before Russia’s invasion of Ukraine, food prices and global hunger were on the rise. Growing instances of climate shocks, loss of biodiversity and marine and coastal ecosystems, and the global water crisis were all contributing to an increasingly food-insecure world. The COVID-19 pandemic further disrupted global supply chains, driving food prices upward. All of these challenges show just how vulnerable how food systems are. The poor and vulnerable, particularly small farmers and families in low-income counties are more affected by increasing food prices the most, as they spend a larger share of their income on food. The crisis has been partially made worse by the growing number of food trade restrictions put in place by countries with a goal of increasing domestic supply and redu...
Global food crisis: Switzerland pledges an additional 14.5 million Swiss francs to United Nations World Food Programme
Food and Agriculture

Global food crisis: Switzerland pledges an additional 14.5 million Swiss francs to United Nations World Food Programme

Around 350 million people worldwide are currently affected by acute hunger and dependent on food aid. In response to the worsening food crisis, President of the Swiss Confederation Ignazio Cassis has approved additional funding of 14.5 million Swiss francs for the United Nations World Food Programme (WFP). This increases Switzerland’s 2022 contribution to the WFP to over 100 million. Switzerland has committed additional funds to the WFP. 13 million Swiss francs will go to the Immediate Response Account (IRA), the WFP’s emergency relief fund. The IRA can rapidly deliver needs-based assistance to the most vulnerable communities where it is most urgently needed in countries such as Afghanistan, Mozambique and Nigeria. A further 1.5 million is earmarked for the Ukrainian government’s “Grain f...
Spain scraps VAT on basic food to help with rising cost of living
Food and Agriculture

Spain scraps VAT on basic food to help with rising cost of living

Spain will scrap the value-added tax on basic food items for six months as part of a series of new measures to help people to cope with the rising cost of living. Prime Minister Pedro Sánchez announced that the VAT would be reduced from 4 per cent to 0 per cent on basic food items, such as bread, cheese and vegetables, while it will be reduced from 10 per cent to 5 per cent on oil and pasta. The government also approved a one-off aid of €200 for families with incomes of €27,000 or less to compensate for the increase in food prices. The new anti-crisis aid package is worth €10 billion, bringing the government's expenditures on aid measures to €45 billion. Since Russia launched its invasion of Ukraine in February, the Spanish government has announced multiple aid packages to help the poo...