{"id":566827,"date":"2021-07-15T13:54:15","date_gmt":"2021-07-15T13:54:15","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/15\/and-you-lose-some\/"},"modified":"2021-07-15T13:54:15","modified_gmt":"2021-07-15T13:54:15","slug":"and-you-lose-some","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/15\/and-you-lose-some\/","title":{"rendered":"\u2026and you lose some"},"content":{"rendered":"

<\/a> Egypt <\/strong>is one of 23 countries in which the UN believes food insecurity was driven by <\/strong>conflict or climate extremes in 2020. <\/strong>Other countries on the list include Afghanistan, Iraq, Jordan, Libya, Lebanon, Turkey, Syria, and Yemen, the United Nations\u2019 World Food Programme said in its first report<\/a> showing the wide impact of the pandemic on global hunger.<\/p>\n

Oddly enough, the WFP includes Egypt in the insecurity due to conflict bucket<\/strong> (see page 186, annex 5<\/a>) but doesn\u2019t explain what that conflict might be. The report also noted that Egypt was one of just nine countries in its sample set that saw its economy grow last year.<\/p>\n

It\u2019s not just the UN: <\/strong>Bloomberg Economics\u2019 food vulnerability <\/strong>scorecard<\/a><\/strong> says <\/strong>Egypt is among the 15 emerging economies most at risk of food shortages.<\/strong> Sudan, Lebanon, and Yemen are currently the \u201cweakest links\u201d in terms of food insecurity and rising prices, it added.<\/p>\n

Many countries in the region are suffering in that respect: <\/strong>The average price of wheat flour in Lebanon soared 219%, while Syria saw cooking oil jump 440% \u2014 with many basic foodstuffs becoming too expensive for the average citizen in the MENA countries.<\/p>\n

Higher food prices are here to stay<\/strong>: Food prices jumped to their highest in a decade in 2021, almost near their 2011 peak. \u201cThe recent sharp increase in international food prices has already slowly started to feed into domestic consumer prices in some regions as retailers, unable to absorb the rising costs, are passing on the increases to consumers,\u201d the International Monetary Fund said last month<\/a>. Last year, the UN Food and Agriculture Organization\u2019s price index surged 34% due to droughts in key exporting nations and as some governments stockpiled food reserves. Developing economies were deeply affected by higher prices due to their dependence on agricultural imports and less processed food.<\/p>\n

Food prices are continuing to hurt us here on the inflation front in 2021:<\/strong> Despite food prices in Egypt only edging up 0.2% m-o-m in June<\/a>, food prices are up 3.4% over last year. Food prices rose 1.5% m-o-m between April and May contributing to May\u2019s 4.8% increase in annual headline inflation, according to Capmas data<\/a>.<\/p>\n

World hunger jumped to a 15-year high in 2020:<\/strong> The number of people going hungry globally surged to its highest level since 2005 last year as the covid-19 pandemic drove food prices higher and slashed household incomesBetween 720 mn and 811 mn people were undernourished in 2020, while the number of those who lacked access to nutrition rose by 320 mn to almost 2.4 bn \u2014 a third of the global population. The increase is equivalent to the increases witnessed in the previous five years combined.<\/p>\n

Malnutrition in children is becoming a serious problem: <\/strong>Among children globally, 22% under the age of five experienced stunted growth due to malnutrition while 6.7% were too thin and 5.7% overweight. Egypt is above the global average in terms of malnutrition<\/strong>, with stunting in young children under five falling slightly from 22.5% in 2012 to 22.3% last year while wasting in children came in at 9.5% in 2020.<\/p>\n

But we\u2019ve been seeing improvements in many metrics: <\/strong>Prevalence of undernourishment in the total population fell to 5.4% in 2018-2020 compared to 6.4% in 2004-2006, the UN report showed. Meanwhile, the prevalence of severe food insecurity in the total population also went down to 6.7% in 2018-2020 compared to 8.4% in 2014-2016.<\/p>\n

What has Egypt been doing to combat food insecurity? <\/strong>During the pandemic, Egypt was quick to ramp up cash subsidies to the neediest segments of the population and to implement a no-questions-asked wage protection program for day workers. The government also ensured that our strategic wheat reserves were sufficient to guarantee at least six months of consumption<\/a>. Wheat tenders<\/a> and local wheat production<\/a> were primetime news. Food security has been a regular topic of discussion in diplomatic meetings with international entities<\/a> and a few years back Egypt signed an MoU<\/a> with the World Food Program to support the country\u2019s 2018-2023 food security strategy.<\/p>\n

You can read more from the report<\/strong> in Bloomberg<\/a> and the Financial Times<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

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Other countries on the list include Afghanistan, Iraq, Jordan, Libya, Lebanon, Turkey, Syria, and Yemen, the United Nations\u2019 World Food Programme said in its first report showing the wide impact of the pandemic […]<\/p>\n","protected":false},"author":1,"featured_media":566828,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[10034],"tags":[104,633,565,182],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-566827","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round-economy","tag-economy","tag-enterprisepm","tag-food-security","tag-inflation","wpautop","entry"],"acf":{"mongo_id":"73c9e0fe-670a-43e3-9668-c8c426c31287","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/7\/437.jpg","photo_position":"above","related_issue":[566822],"teaser":"","voice_url":""},"yoast_head":"\n\u2026and you lose some - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/15\/and-you-lose-some\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\u2026and you lose some\" \/>\n<meta property=\"og:description\" content=\"Egypt is one of 23 countries in which the UN believes food insecurity was driven by conflict or climate extremes in 2020. 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The funding is part of a freshly announced EUR 225 mn Food and Resilience Facility for MENA countries.What will the money\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/4\/159.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":546606,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/23\/maait-warns-of-global-food-crisis-says-talks-with-imf-going-very-well-ft-interview\/","url_meta":{"origin":566827,"position":2},"title":"Maait warns of global food crisis, says talks with IMF going \u201cvery well\u201d \u2013FT interview","author":"enterpriseam admin","date":"23 May 2022","format":false,"excerpt":"Surging food prices on the back of the crisis in Ukraine could put \u201cmns\u201d at risk around the world, Finance Minister Mohamed Maait told the Financial Times in an interview in London. Coming during the British Egyptian Business Association\u2019s trip to the UK last week, the minister warned of rising\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/5\/293.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":586550,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/14\/war-in-sudan-to-raise-economic-pressure-on-egypt-says-us\/","url_meta":{"origin":566827,"position":3},"title":"War in Sudan to raise economic pressure on Egypt, says US","author":"enterpriseam admin","date":"14 May 2023","format":false,"excerpt":"Conflict to result in higher inflation and weaker exports to Africa, according to report","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/5\/724.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":567792,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/07\/around-the-world-on-7-december-2020\/","url_meta":{"origin":566827,"position":4},"title":"Around the world on 7 December 2020","author":"enterpriseam admin","date":"7 December 2020","format":false,"excerpt":"World food prices jumped to an almost six-year high in November and saw the biggest m-o-m rise since July 2012 as the pandemic exacerbates global food insecurity, according to an index published by the UN\u2019s Food and Agriculture Organization (FAO). The index measures the change in the price of a\u2026","rel":"","context":"In "AROUND THE WORLD"","block_context":{"text":"AROUND THE WORLD","link":"https:\/\/enterpriseam.com\/egypt\/category\/around-the-world\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":546703,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/25\/egypts-food-fiscal-insecurity-is-getting-attention-in-the-foreign-press\/","url_meta":{"origin":566827,"position":5},"title":"Egypt\u2019s food + fiscal insecurity is getting attention in the foreign press","author":"enterpriseam admin","date":"25 May 2022","format":false,"excerpt":"The global economic crisis and its impact on Egypt is in focus in the foreign press this morning: Egypt\u2019s balance of payments is vulnerable to the \u201cdouble shock\u201d of monetary tightening and the rise in global prices, and faces tighter capital controls if it does not agree a new financing\u2026","rel":"","context":"In "EGYPT IN THE NEWS"","block_context":{"text":"EGYPT IN THE NEWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/egypt-in-the-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/566827","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=566827"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/566827\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/566822"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/566828"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=566827"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=566827"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=566827"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=566827"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=566827"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}