WASHINGTON: The heads of the World Bank, ​International Monetary Fund and the UN World Food Program on Wednesday warned that ‌sharp increases ‌in ​oil, ‌natural gas ⁠and ​fertilizer prices ⁠will inevitably lead to rising food prices and food insecurity.

In a ⁠joint statement, ‌the ‌leaders said ​the ‌burden would ‌fall most heavily on the world’s most vulnerable populations, particularly ‌in low-income, import-dependent economies.

They said their ⁠institutions ⁠would continue to monitor developments closely and “coordinate the use of all available tools to support those impacted by ​the ​crisis.”