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New York [US]27th August (ANI): The United Nations has recently raised concerns about the global impact of the conflict in Ukraine, saying it increases the risk of food insecurity in developing countries.
Rosemary DiCarlo, UN Under-Secretary-General for Political and Peacebuilding Affairs, warned the UN Security Council in a briefing: “We remain concerned that the deterioration of the socio-economic situation in developing countries, especially those already fragile, could lead to social unrest. “
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While food prices have stabilised in recent weeks, this does not necessarily translate into lower inflation, the UN deputy secretary-general said.
“Inflation continued to accelerate in July 2022. It was breaking multi-decade records in developed countries, but it was developing and least developed countries that were hit harder,” DiCarlo said.
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She continued, “The conflict is having another effect, less visible but no less dangerous. In the process of deepening global divisions and fueling mistrust in our institutions, it is undermining the foundations of the international system.”
“According to estimates from the World Food Programme (WFP), 345 million people will be severely food insecure or at high risk of food insecurity in the 82 countries in which WFP operates. The effect adds to the impact of the conflict in Ukraine for the 47 million severely hungry people,” DiCarlo told the UN Security Council.
Last month, the Under-Secretary-General said the United Nations Development Programme estimated that as many as 71 million people could have been pushed into poverty in the three months after the conflict began. The main affected areas include the Balkans, the Caspian region and sub-Saharan Africa, especially the Sahel.
“The global financial situation remains volatile and there are fears of stagflation in the second half of 2022 and into 2023. Energy markets remain under pressure, which is a serious concern as winter approaches in the northern hemisphere,” she said.
“The fiscal position of many developing economies is particularly worrisome, as their borrowing capacity has been fragile because of the heavy spending required to respond to the COVID-19 pandemic.”
“Today, developing countries’ debt and import bills are under further pressure,” she added.
The under-secretary-general of the United Nations has called the Ukraine-Russia conflict meaningless, adding that it is extremely dangerous for all of us.
“The consequences of a breakdown in the way the world manages issues of peace and security are horrific. Not only is this war pointless, it is extremely dangerous, and it touches us all. It must end,” she noted. (ANI)
(This is an unedited and auto-generated story from the Syndicated News feed, the body of the content may not have been modified or edited by LatestLY staff)
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