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As the war in Ukraine continues to rage, skyrocketing energy prices are compounding an existential cost-of-living crisis for hundreds of millions of people, the UN chief said on Wednesday, introducing the third is a series of briefings from the Global Crisis Response Group (GCRG) on Food, Energy and Finance.
In the first episode of UNCTAD’s Weekly Tradecast, the organization’s Secretary-General, Rebeca Grynspan, talks about the global cost-of-living crisis triggered by the war in Ukraine.
What can be done to support vulnerable countries and people who will suffer the most from rising food, energy and fertilizer prices?
More than four months since the start of the war, people globally are facing a cost-of-living crisis not seen in more than a generation – in a world already grappling with the COVID-19 pandemic and climate change.