Speech

Remarks by World Bank Group President David Malpass at the High-Level Event on Access to Grains and Fertilizers in Africa During UNGA 77

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collection.link.329
https://openknowledge.worldbank.org/handle/10986/32342
collection.name.329
A. Speeches by David R. Malpass (2019 to present)
dc.contributor.author
Malpass, David
dc.date.accessioned
2022-09-27T16:58:01Z
dc.date.available
2022-09-27T16:58:01Z
dc.date.issued
2022-09-21
dc.date.lastModified
2022-09-28T05:10:38Z
dc.description.abstract
This report discusses the readout from World Bank Group President David Malpass’s meeting at the at the High-Level event on access to grains and fertilizers in Africa during UNGA 77. The global food, energy, and fertilizer crisis is taking a toll on developing countries. These sectors are closely interlinked. Natural gas is used both as a feedstock and energy source in the production of ammonia, accounting for 70 to 80 percent of ammonia production costs. The rapid increase in gas prices has turned into an increase in fertilizer prices, with fertilizer prices tripling over the past two years. Last Friday, we released our Food Security Update, despite the recent stabilization of agriculture prices and the resumption of grain exports from the Black Sea, high food inflation and food security remain a critical concern. The challenge is meeting the immediate demand for fertilizers to support next season’s crops. Current projections suggest that Africa’s unmet demand could reach four million metric tons this year, with West Africa facing the most acute challenges this growing season.
en
dc.identifier
http://documents.worldbank.org/curated/en/099720209222226326/IDU05a155875060a0aebf066b60ac48d3f
dc.identifier.uri
http://hdl.handle.net/10986/38064
dc.language
English
dc.language.iso
en
dc.publisher
World Bank, Washington, DC
dc.rights
CC BY 3.0 IGO
dc.rights.holder
World Bank
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo
dc.subject
GAS PRICE INFLATION
dc.subject
FERTILIZER ACCESS
dc.subject
FOOD INFLATION
dc.subject
GRAIN EXPORT
dc.subject
AGRICULTURE
dc.subject
FOOD SECURITY UPDATE
dc.subject
BLACK SEA EXPORTS
dc.subject
UNMET DEMAND FOR FOOD
dc.title
Remarks by World Bank Group President David Malpass at the High-Level Event on Access to Grains and Fertilizers in Africa During UNGA 77
en
dc.type
Speech
en
okr.date.disclosure
2022-09-22
okr.date.lastmodified
2022-09-22T00:00:00Z
en
okr.doctype
Speeches of World Bank Presidents [collection under construction] :: A. Speeches by David R. Malpass (2019 to present)
okr.docurl
http://documents.worldbank.org/curated/en/099720209222226326/IDU05a155875060a0aebf066b60ac48d3f
okr.googlescholar.linkpresent
yes
okr.guid
099720209222226326
okr.identifier.externaldocumentum
IDU-5a155875-6ef9-470a-aebf-66b60ac48d3f
okr.identifier.internaldocumentum
33904323
okr.identifier.report
176263
okr.imported
true
en
okr.language.supported
en
okr.pdfurl
http://documents.worldbank.org/curated/en/099720209222226326/pdf/IDU05a155875060a0aebf066b60ac48d3f.pdf
en
okr.region.geographical
Africa
okr.topic
Agriculture :: Climate Change and Agriculture
okr.topic
Agriculture :: Food Markets
okr.topic
Agriculture :: Food Security
okr.topic
Energy :: Energy Demand
okr.topic
Energy :: Energy Markets
okr.unit
EXC - Office of the President

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