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Half of humanity lives in countries that are forced to spend more on servicing their debt than on health and education, which is nothing less than a development disaster, UN Secretary-General Antonio Guterres said.
The number of people going hungry in the world has risen by 122 million to 735 million since 2019 because of the Covid-19 pandemic and the war in Ukraine, the UN has said.
The world’s biggest corporations together raked in over $1 trillion in windfall profits each year for the past two years amid soaring prices and interest rates, while billions of people are having to cut back or go hungry.
"The most vulnerable people around the world are bearing the brunt of skyrocketing food, fuel, and fertilizer prices, with women and girls the hardest hit."
