Critical Materials for Development: A New Trajectory for Norwegian Foreign Aid Policy
After over a year of war in Ukraine, the world experienced dramatic and negative ripple effects related to food, energy security and commodity markets. Global food and energy shortages are now leading to social instability, protests and conflict and putting increasing pressure on public finances. For instance, prices of basics such as oil and wheat are rising and resulting in severe food shortages in Egypt, Lebanon and Somalia. Low-income countries are likely to be hit hardest by increasing food and energy prices in the long run. As the war continues, various second- and third-order negative effects are likely to intensify.
Norsk Utenrikspolitisk Institutt
NUPI Policy Brief