UN Warns Davos: Rising Hunger and Displacement Create Major Economic Risks

The UN World Food Programme (WFP) has reported that an estimated 318 million people worldwide now face crisis levels of hunger or worse, with hundreds of thousands already experiencing famine-like conditions. It cautioned that deep funding shortfalls are forcing it to cut rations and scale back assistance at a time of surging needs. Current forecasts put WFP’s funding at just under half of its required $13 billion budget for 2026, leaving the agency able to reach about 110 million people – a third of those in need. Combatting hunger yields dividends “Hunger drives displacement, conflict, and instability and these not only threaten lives, but disrupt the very markets that businesses depend on,” said Rania Dagash-Kamara, WFP Assistant Executive Director for Partnerships and Innovation. “The world cannot build stable markets on a foundation of 318 million hungry people.” Ms. Dagash-Kamara, who is attending the forum, said the private sector has a direct stake in addressing food insecurity, calling on companies to invest in supply chains, technology and innovation that can help stabilize fragile markets and protect workforces. WFP is urging business leaders in Davos to keep hunger and food security among their top priorities, invest in supply chain systems that strengthen fragile markets, and support food-related technologies that improve efficiency and resilience. Migration powers growth and development The UN International Organization for Migration (IOM) is also taking its case to the annual forum in Switzerland, calling on political and business leaders to rethink migration as a driver of growth rather than a burden. “Migration is one of the most powerful drivers of development when managed responsibly,” said IOM Director General Amy Pope. “Mobility can unlock economic potential, help communities thrive independently, and provide lasting solutions to displacement, while respecting national sovereignty and human rights.” Partnerships and innovation IOM said partnerships with private companies and foundations are already helping realise that approach. This includes using artificial intelligence to improve health screening and labour market policies, and programmes that support vocational training, entrepreneurship and durable solutions for displaced people. At Davos, the agency is also highlighting the role of diaspora communities as investors and innovators. “By using remittances and diaspora capital to support business creation and digital financial access, IOM aims to open new markets and create jobs, while helping communities become more self-reliant,” the agency said.