28.6 C
Accra
Friday, March 14, 2025
WorldIMF pledges support for nations hit by rising food prices

Date:

IMF pledges support for nations hit by rising food prices

The International Monetary Fund (IMF) will provide support to African countries hit by food price rises, the institution’s Africa head Abebe Aemro Selassie has said.

“The surge in food prices has meant that there are a lot of people that have become food insecure.

“Global economic issues have also become difficult. Access to financing has dried up,” he told Focus on Africa, the BBC’s flagship radio programme for the continent.

“Countries have been hit much worse than we expected.”

Responding to criticism from listeners that the IMF imposes programmes seeking its help, Mr Abebe defended the IMF’s record.

“This is not your grandfather’s IMF,” he said adding that solutions are not brought in from outside and African ministers know they now have agency when dealing with the IMF.

Source:

[forminator_poll id="710479"]

Latest stories

I am grateful – Dampare speaks after removal as IGP

Former Inspector-General of Police (IGP) Dr. George Akuffo Dampare...

Electric pole, cables partially damaged in fire outbreak in Koforidua

A fire outbreak in Debrahkrom, Koforidua, caused partial damage...

Pep Guardiola hails Brighton as one of the top clubs in football ahead of clash

Manchester City manager Pep Guardiola has shared his thoughts...

3 injured after car veered into a bush in Brekumanso

Three people sustained minor injuries after a Nissan Frontier...

Rex Omar engages Scholarship Secretariat on funding for creatives

Presidential Staffer for the BlackStar Experience, Rex Omar, has...

I couldn’t marry early because I was afraid of ‘chop money’ – McDan reveals

The Executive Chairman of McDan Group, Daniel McKorley, has...

Related stories