Dr. Rania Al -Mashat, Egyptian Minister of International Cooperation, said that global trade was shocked and a major crisis under the current global circumstances, and that food and energy prices increased by about 75% compared to the levels of the pre -Corona pandemic, which contributed to the negative impact on about 250 million citizens The world.
This came during her participation in a discussion session organized by the Islamic Sector Development Corporation (ICD) and the International Islamic Corporation for Commerce Finance (IFC), on climate change and food security, in the presence of Eng. Hani Senbel, CEO of the International Islamic Foundation for Trade Finance, and Acting CEO of the Islamic Corporation for Development private sector.
She pointed out that climate changes remain a significant negative impact on food security efforts, as crop productivity reduces between 5-30%, between 2030-2050, which confirms the need to invest in efforts to adapt to climate changes to put countries on a more path Flexibility towards green transformation.
It also congratulated the Arab Coordination Group, including the Islamic Development Bank Group for announcing its commitment to provide 24 billion dollars to support climate work efforts until 2030, pointing out that the Egyptian relations with the Islamic Development Bank and the Islamic International Trade Finance Corporation are pivotal in order to enhance climate work and sustainability efforts Food is reflected in the lives of citizens and improving the standard of living.
For his part, Engineer Hani Salem Senbil said: “The climate change, the increase in the population in the world, the high prices of food, geopolitical tensions and environmental pressures will continue to reveal the weaknesses of the diets, which affects the weak groups.
”
He stressed that the Islamic Development Bank Group in general and the International Islamic International Corporation for Trade Finance in particular realizes the size of the current food crisis and the challenges it raises to the 57 member states, as the Islamic International Foundation for Trade Finance contributed 4.
5 billion US dollars, and the Islamic Sector Development Corporation contributed In the amount of 270 million US dollars within the program of responding to the food security group for the Islamic Development Bank Group, which aims to support member countries by completing national food security efforts to avoid the ongoing food crisis and enhance their ability to withstand the trauma of food security in the future..
About Author
