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The United Nations (UN) has raised the alarm that more than 30 million people worldwide will be pushed back into poverty even if the Iran nuclear deal ends tomorrow.
Alexander De Croo, from the UN Development Program, said that remittances to the Asia-Pacific region are 100 billion per year, but according to him, they are falling rapidly day by day, bringing insecurity.
“Around the world, 0.5 to 0.8 percent of GDP is being lost. What does that mean for the most vulnerable countries in the world? It means that 32 million people are being pushed back into poverty. Remittances to the Asia-Pacific region, worth $100 billion a year, which used to flow directly from one family to another, are disappearing very often these days. Even if the war were to stop tomorrow, you have these effects, you have them already, and they will push more than 30 million people into poverty ,” Alexander De Croo, of the UN Development Programme, told Reuters.
De Croo, a former Belgian prime minister, said this was due to rising energy prices and growing food insecurity. In addition to oil supplies, large quantities of garbage also normally pass through the Strait of Hormuz, which has been effectively closed by Iran. He warned that food shortages will peak within months.
“ The planting season is now. If you do it now and you don’t have access to fertilizers, productivity will be much lower in September, October and November… (and) food insecurity will be at its peak in a few months ,” he concluded.
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