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The Guardian - UK
The Guardian - UK
Business
Phillip Inman

World Bank pledges $12bn to support low-income countries hit by shortages

Women from Murle ethnic group wait in a line for a food distribution by the UN World Food Programme  in Gumuruk, South Sudan.
Women from Murle ethnic group wait in a line for a food distribution by the UN World Food Programme in Gumuruk, South Sudan. Photograph: Simon Wohlfahrt/AFP/Getty Images

The World Bank plans to spend $12bn (£9.6bn) to support low-income countries hit by shortages of food and fertilisers that have pushed prices higher since the Russian invasion of Ukraine.

Sudan, where inflation has rocketed above 250%, is expected to be among the countries that will benefit from the initiative, which the Washington-based organisation said should alleviate shortages over the next 15 months.

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