The World Bank announced an additional $12 billion in funding projects to address the global food security crisis, bringing the total to $30 billion, the U.S. Treasury said in a report on food security plans from international financial institutions on Wednesday.

The total will include $12 billion in new projects and $18 billion funds from existing food and nutrition-related projects that have been approved but have not been disbursed, the Treasury report said.

(With input from Reuters)