Thank you, Mr. Chair.
Look, I think it's clear that as horrible as what is happening in Ukraine is, there will be a lot of ramifications across the globe, whether it be energy prices or food security, which we will need to be addressing and preparing for.
On the specific question of food prices in the Middle East, we are very concerned about this. As you likely already know, these are areas that are highly prone to instability, where the balance between meeting daily subsistence and not is a precarious one. Even slight changes in the food prices can make a big difference to daily lives, but also to stability in fragile countries. You can only imagine what this means in a country like Lebanon, for example, which has already seen the devastation of its economy.
What I would say is that we have development programs in these countries. We are looking at humanitarian options in some countries like Lebanon, where we already have humanitarian contributions. We will be working with the World Food Programme and other UN agencies to see how we can provide basic subsistence if it comes to that.
The bottom line is that we need to be ready for the economic fallout of this conflict on a number of countries that are still fragile, either from internal instability or from the impact of COVID. Quite frankly, this is happening at a terrible time for all kinds of reasons, but certainly, for a number of countries, they will find themselves really precariously positioned. I couldn't agree more with that observation.