The Russian war against Ukraine it will aggravate the poverty, hunger and indebtedness of vulnerable countries that in themselves brought significant wear and tear after the pandemic, warned the president of the World Bank, David Malpass.
We are in the presence of overlapping crises (Overlapping global crises) like we have never seen before. We are suffering loss of capital, employment and livelihoods at the same time, in a context where inflation is acceleratinghe referred.
Participating in a keynote conference organized by the Warsaw School of Economics, he explained that these overlapping crises are made up of upward inflation pressures on countries that are recovering from a pandemic that is still in force and amid the economic impact of the war between Ukraine and Russia.
He highlighted that at least 39 of the 189 member countries of the world Bank“including some from Latin America and the Caribbean,” are going through episodes of violence and insecurity.
And he focused on the situation in Latin American countries to underline that “the levels of crime and violence are alarmingly high, with some urban and rural areas controlled by criminal gangs or drug cartels.”
One week after the start of spring meetings at the agency’s headquarters, in Washington, DC, stressed that the pressure that the armed conflict has caused on Ukraine in food and energy prices also has a new aggravating factor: the drought in South American countries that is causing “a price crisis of food”.
