Global Impact of war in Ukraine on food, energy and finance systems - Brief No.1

The war in Ukraine, in all its dimensions, is producing alarming cascading effects to a world economy already battered by COVID-19 and climate change, with particularly dramatic impacts on developing countries.

Prices of food, energy, and fertilizer are skyrocketing, given the leading role of Russia and Ukraine in these markets, increasing risks of instability and unrest around the world. The Global Crisis Response Group on Food, Energy and Finance (GCRG) will support developed and developing countries faced with this three dimensional crisis.