Yellen set to meet global leaders to discuss food crisis
Inflationary pressures have pushed food prices to their highest rates
US Treasury Secretary Janet Yellen is set to meet ministers from industrial nations to address the growing global food crisis caused by the war between Russia and Ukraine.
Yellen would be interacting with leaders of the International Monetary Fund (IMF), World Bank, Group of Seven (G7), and Group of 20 (G20) largest economies, for the next seven days of high-level economic meetings.
Yellen and her deputy, Wally Adeyemo, will engage with leaders of different nations to ensure that countries that rely on wheat and fertilizer exports from Russia and Ukraine don’t face widespread food shortages, reported CNBC.
Ukraine is the world’s fifth-biggest wheat producer, and United Nations' World Food Programme (WFP) buys nearly half of its wheat supplies from the country.
