Currency Depreciation, Capital Outflows to Blame

Of the 17 Sustainable Development Goals of the United Nations to be achieved by 2030, eliminating hunger used to be seen as the most feasible. However, recent global events, including the COVID-19 pandemic and Russia’s invasion of Ukraine, have led to a significant setback. 15 years of progress on improving access to food have been lost. Despite global agricultural production being more than sufficient to meet the world’s nutritional needs, food insecurity is significant and rising everywhere, even in rich countries. The substantial increases in hunger in lower-income countries are especially worrying, and the situation demands immediate attention.