same greener targets and objectives. finally, we reiterate our call for a strong, quota - based, and adequately resourced imf at the center of the global financial safety net. we call on the imf to ensure the timely completion of the 16th general review of quotas by december 2023. as before, we call for a revised quota formula that protects the share of poorest members, and for an increase in the imf ’ s quota resources to lessen its dependence on borrowed resources and to reinforce its lending capacity. we remain concerned about the projected sharp decline in the imf ’ s lending capacity which, unless reversed, could imperil the imf ’ s effectiveness and credibility.

will turn into lasting geopolitical fragmentation, posing serious threats to global trade, capital flows, technology transfer and climate policy cooperation. it is still early to declare victory in our fight against the pandemic, a once - in - acentury health crisis that paralyzed the world with untold loss of lives and livelihoods. it is important that we do not lose sight of resurgence risks of new and more virulent covid - 19 variants in the context of a still - low vaccination coverage in the low - income countries ( lics ), particularly in sub - saharan africa, and vaccine hesitancy in parts of the aes. the cooperation that brought us together in the global fight against the pandemic should continue with full force towards equitable and affordable global accessibility of vaccines, tests, and treatments. the two recent crises have brought to fore the issue of food insecurity that had been brewing under the surface. chronic hunger, child and mother malnutrition, and pervasive poverty, always features of poorest members, have been exacerbated by the surge in global food prices that has pushed many more millions into poverty, even in some middle - income countries. the international community has to rise to the challenge. in this connection, we welcome the imf ’ s new food shock window as a part of its emergency support facilities that should be accessible to all eligible members in an evenhanded manner and with the same sense of urgency. the sad plight of the afghan people should not be forgotten. afghanistan is facing the highest incident of insufficient food consumption in the world, with 90 percent of households, and an even higher percent of households headed by women, are facing insufficient food consumption. close to 4 million afghan children are acutely malnourished. it is difficult to imagine how long and how far this situation could continue. going forward, we all bear responsibility of putting the world economy back on a sustainable and steady track. the expectation is for the aes to maintain the delicate balance in the inflation - growth trade off, recognizing the significant negative spillovers of policy mistakes, in either direction, as they try to lower inflation and keep inflation expectations anchored. while we will all benefit from lower inflation, we cannot afford an overtightening of monetary conditions when the world is at the cusp of a serious recession. we also see no justification for maintaining restrictions on food exports by some food - rich countries, on medicine by some producing countries,