The UN’s International Fund for Agricultural Development (IFAD) warned on Monday that immediate action is needed to avoid that the COVID-19 pandemic transforms into a food crisis. 

As the economic slowdown due to the global health crisis threatens the lives and livelihoods of the world’s most vulnerable people, IFAD has earmarked $40 million to fight rural poverty, launching an urgent appeal for additional funds.

On top of its contribution — the COVID-19 Rural Poor Stimulus Facility — IFAD aims to raise at least $200 million more from both member states, foundations and the private sector.

The funds, it said, are needed

Read more: COVID-19: UN fund calls for action to avoid food crisis