The Covid-19 pandemic has had a significant impact on global food insecurity and malnutrition. With lockdowns and economic downturns, many people have lost their jobs and income, making it difficult for them to access enough food to meet their basic needs. This has led to an increase in hunger and a rise in child malnutrition. The crisis has also disrupted food systems, making it harder for people to purchase food and for farmers to get their products to market. This has resulted in higher food prices and less availability of certain foods, exacerbating the problem of food insecurity. Overall, the Covid-19 pandemic has created a hunger crisis that affects people all over the world. With its latest “Brokering World Hunger Away” campaign, PayBito has pledged to the cause- promising aid and services through the collective collaboration of registered associates using the white-label crypto broker platform.
Brokering World Hunger Away: Promoting Collective Contribution With Innovation
It will take collaborative efforts from all fronts to be truly able to stand up and resist the aggravation of global food scarcity. Reports reflecting an annual 3.1 million children deaths stemming from malnutrition means losing 3.1 million possibilities to change the future.
A Dollar for A Dollar
The PayBito crypto exchange has pledged to match a dollar for each dollar earned as a commission by its enlisted crypto brokers, and use the amount raised to feed starving children.
The movement may not record significant individual contributions on a regular basis. However, the total capital generated from the collective contributions of crypt brokers all over the world can easily feed several starving children. The US-based crypto exchange has registered over 20000 brokers within a month, and the interest shown by entrepreneurs and enterprises reflects an increasing trend.
Growing Possibilities with Crypto-Fueled Innovation
The movement to eliminate child hunger has received acclaim, active enlistment, and participation from trading agents, stockbrokers, entrepreneurs, and financial institutions worldwide. PayBito’s white-label crypto broker platform is the first-of-its-kind solution to democratize access to crypto trading services for everybody for a nominal monthly subscription.
PayBito had initial plans of offering healthy food and nutrition to undernourished children on the third Saturday of each month. However, the widespread success of the ‘Brokering World Hunger Away’ campaign has motivated PayBito to realign its course and offer the same once every 2 weeks.
Analyzing the Extent of Global Food Insecurity and Malnutrition
COVID-19 wreaked unprecedented destruction leading to a global standstill and casualties amounting to millions. It disrupted supply chains all over the world, which in combination with rising food prices, widespread corruption, and conflicts has abetted the worldwide food crisis. However, malnutrition and food shortages preceded the pandemic.
Global Food Insecurity: The Causes and Consequences
Global food insecurity is a complex issue with multiple causes, including
One of the main causes is poverty, as people living in poverty often lack the resources to access sufficient amounts of nutritious food.
According to the World Bank, in 2019, 734 million people were living in extreme poverty, surviving on less than $1.90 a day. This lack of access to food can lead to malnutrition, which can have serious consequences for people’s health. For example, according to the World Health Organization, malnutrition is responsible for 45% of deaths in children under the age of five.
- Child Hunger and Malnutrition
Child hunger is a particularly pressing issue. In 2020, the United Nations reported that around 690 million people were suffering from hunger, and around 155 million of them were children under the age of 5. This is an alarming statistic, as malnutrition in children can have lifelong consequences, including stunted growth, weakened immune systems, and cognitive impairment.
- Uneven Wealth Distribution
Another cause of global food insecurity is the unequal distribution of wealth and resources. According to Oxfam, the world’s richest 1% own more wealth than the rest of the world combined. This disparity makes it difficult for people living in poverty to access the resources they need to meet their basic needs, including food.
Countries with higher levels of corruption are more likely to have increased rates of child hunger during the pandemic. A report by the World Food Programme (WFP) found that in countries with high levels of corruption, the rate of child hunger has increased by up to 30% during the pandemic.
The WFP estimates that in 2020, around 135 million people in 53 countries were facing acute food insecurity due to conflict and COVID-19. The pandemic has highlighted the link between corruption and child hunger, as it has strained already fragile economies and has led to the diversion of resources towards corrupt individuals and groups, exacerbating child hunger.
- Climate Change
In addition to poverty, climate change is also causing food insecurity. Extreme weather conditions, such as droughts, floods, and storms, can damage crops and make it difficult for farmers to grow food. The Intergovernmental Panel on Climate Change (IPCC) estimates that by 2050, climate change could push an additional 84 million people into extreme poverty, and the majority of these people will be in Africa.
Beneath the Pandemic: Child Malnutrition and Food Shortage
The following are a few examples of how the pandemic has affected food insecurity in different parts of the world:
- Latin America
In Latin America, the pandemic has had a severe impact on the informal economy, where a large proportion of the population works. With the loss of jobs and incomes, food insecurity has risen sharply, with many people struggling to afford basic food items. According to the World Food Program (WFP), an estimated 37 million people in the region were pushed into extreme poverty and food insecurity due to the pandemic.
In Africa, the pandemic has had a severe impact on small-scale farmers and rural communities, who have struggled to access markets and inputs due to travel restrictions and supply chain disruptions. This has led to reduced harvests and lower incomes, which in turn has increased food insecurity.
According to the Food and Agriculture Organization (FAO), an estimated 10% of the population in sub-Saharan Africa, or about 233 million people, were estimated to be food insecure in 2020.
In South Africa, there have been reports of corruption in the distribution of COVID-19 relief funds. In a report by the country’s Special Investigating Unit, it was found that some officials had misused funds meant for COVID-19 relief, such as food parcels, to benefit themselves and their families. This has led to a shortage of food for vulnerable communities and has contributed to an increase in child hunger.
In India, the pandemic and the nationwide lockdown that followed led to the loss of jobs and income for millions of people, many of whom relied on daily wages. This led to a sharp increase in food insecurity, with reports of people going hungry and resorting to eating less or skipping meals.
According to a survey conducted by the National Sample Survey Office, the proportion of households experiencing severe food insecurity increased from 4.9% in 2019-20 to 14.8% in 2020-21.
Corruption has also been reported in the distribution of food aid. In a report by the Centre for Media Studies, it was found that a significant proportion of food aid intended for the poor was being siphoned off by corrupt officials and middlemen. This has led to a shortage of food for vulnerable communities, particularly children.
- The United States
In the US, food insecurity has risen sharply as a result of the pandemic. With widespread job losses, many households have struggled to afford food and have had to rely on food banks and other emergency food assistance programs. According to the USDA, in September 2020, 11% of households were food insecure, which is a 70% increase from the prior year.
Solutions to Tackle the Crisis of Global Food Shortage
The battle against global food insecurity and child malnutrition is multi-faceted and requires contributions in addition to the actions of government and non-profit organizations. Business enterprises and organizations have a crucial role to play in the fight against global child hunger. By working together with governments, non-profits, and communities, they can help to address the underlying causes of food insecurity and malnutrition and make a real difference in the lives of children and families around the world.
Here are a few ways that enterprises can make an impact:
- Invest In Sustainable Agriculture
Agriculture is the backbone of many communities, and it’s essential to ensure that farmers have the resources and knowledge they need to grow nutritious food in a sustainable way. Companies can invest in sustainable agriculture programs that help farmers to increase productivity, improve crop yields, and protect the environment. This can help to improve food security and reduce malnutrition in communities.
- Support Nutrition Programs
Malnutrition is a major cause of child hunger, and institutions can help to combat it by supporting nutrition programs that provide essential vitamins and minerals to children and pregnant women. These programs can help to improve health and cognitive development, and also help to reduce the number of children who suffer from stunted growth.
- Promote Economic Growth
Economic development is key to reducing poverty and hunger. Business firms can invest in programs that help to create jobs, promote small businesses, and support income-generating activities. This can help to improve the economic conditions of communities and make it easier for people to access food.
- Build Resilience In Communities
Climate change is making it increasingly difficult for communities to grow food and access nutritious meals. Private organizations can help to build resilience in communities by investing in programs that help to improve water and soil management, protect against natural disasters, and promote adaptive agriculture practices.
- Support Education
Education is an important factor that can help to break the cycle of poverty and malnutrition. Corporate entities can invest in educational programs that help children to acquire the skills and knowledge they need to succeed in life. This not only helps them to build a better future but also makes them more aware of the importance of healthy food and nutrition.
- Increase Public Awareness
Private organizations can also play a role in raising public awareness about child hunger and malnutrition. By sharing statistics, stories, and information about the problem, they can help to mobilize support and inspire others to take action.
A United Effort Against Child Hunger
PayBito will not deduct any earnings from the broker’s end for their contribution to the “Brokering World Hunger Away” campaign. The rising global prevalence of cryptocurrencies provides a good opportunity for business ventures seeking growth ventures through crypto leverage. PayBito offers the same opportunity- global access, low brokerage, attractive commission, and more. But with the added advantage of contributing to the battle against child hunger. The exchange has plans to spread the movement throughout Africa, Latin America, Africa, and India.