POSTED October 4, 2022
What is the Food Shock Window and how could it address the global food crisis?
A look at what it means for millions of families and how Children Believe helps every day
Millions of children and families vulnerable to the food crisis sparked by the war in Ukraine, climate change and the COVID-19 pandemic, are in danger, reports the International Monetary Fund (IMF), which recently announced some relief.
The IMF approved a new emergency financing strategy called the Food Shock Window that will be open for a year and provide countries with urgent needs additional access to emergency financing.
The new Food Shock Window means member countries — including regions where we work in Africa, Asia and the Americas — will be able to borrow up to 50 percent of their “share quota,” a number given, based on their relative position in the world economy, reports Devex.
This comes as the cost of food and fertilizer are threatened. “A food crisis is spreading around the globe with a record 345-million people whose lives and livelihoods are in immediate danger from acute food insecurity,” explained Kristalina Georgieva, managing director of IMF, in a recent press release.
At Children Believe, we help provide children and families access to basic needs, such as food and clean water. And, through community-savings-and-loans groups, we give women training and seed funding to create lasting change. In Ethiopia, support through a group helped Buna grow her family’s agricultural production and improve their living conditions.
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ABOUT CHILDREN BELIEVE:
Children Believe works globally to empower children to dream fearlessly, stand up for what they believe in — and be heard. For 60+ years, we’ve brought together brave young dreamers, caring supporters and partners, and unabashed idealists. Together, we’re driven by a common belief: creating access to education — inside and outside of classrooms — is the most powerful tool children can use to change their world.
About ChildFund Alliance:
A member of ChildFund Alliance, Children Believe is part of a global network of child-focused development organizations working to create opportunities for children and youth, their families and communities. ChildFund helps nearly 23-million children and their families in 70 countries overcome poverty and underlying conditions that prevent children from achieving their full potential. We work to end violence against children; provide expertise in emergencies and disasters to ease the harmful impact on children and their communities; and engage children and youth to create lasting change and elevate their voices in decisions that affect their lives.