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IFC launches financing facility for Food Crisis

Published on October 06, 2022
Current Context: World Bank’s private sector investment Anam, international finance Corp (IFC), has recently launched a new financing facility.
IFC launches financing facility for Food Crisis
  • IFC has taken this step to increase the private sector's ability to respond to global food prices. It also aims to support total food production.
  • The core part of this financing will be to augment the trade of food commodities and provide support for efficient food production and inputs to the farmers.
  • Its targeted areas are primarily those countries that are undergoing food crises.
  • This platform will be in supplement the World Bank’s target of USD 30 Billion in response to the ongoing food crisis.
  • The current food crisis is because of the war in Ukraine and an improper global recovery from the vaccination drive.
  • Static part- HQ of IFC is situated in Washington, D.C.

Question:

Q.1 Who is the head of IFC?
a. Makhtar Diop
b. Ngozi Okonjo-Iweala
c. Kristalina Georgieva
d. Victoria Shortt
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