ADDIS-ABABA, June 30 – Germany has pledged an additional €250 million ($284 million) in support for vulnerable communities across Africa and Asia affected by the prolonged disruption to shipping through the Strait of Hormuz.
The funding will go towards improving food security, helping communities cope with the economic impact of the crisis and supporting small scale farmers, according to Germany’s development ministry.
Development Minister Reem Alabali Radovan announced the package at the Hamburg Sustainability Conference on Monday.
The ministry said the funding is aimed at regions that have been hit hardest by the fallout from the continued blockade of the Strait of Hormuz, a key global shipping route that has disrupted trade and increased pressure on food supplies.
According to the ministry, the additional support will be used to strengthen local resilience, improve access to food and provide assistance to small farmers as they deal with the growing challenges linked to the crisis.
The new funding forms part of Germany’s response to the humanitarian and economic pressures facing countries in Africa and Asia as supply chain disruptions continue to affect essential goods and agricultural production.
