IMF Says Russia Exit From Grain Deal Risks Adding To Global Food Inflation
NDTV
An IMF spokesperson said the global lender would continue to carefully monitor ongoing developments in the region and their impact on global food insecurity.
The International Monetary Fund on Wednesday said Russia's exit from a deal allowing Ukrainian exports via the Black Sea threatens to increase global food insecurity and could drive food prices higher, especially in low-income countries.
An IMF spokesperson said the global lender would continue to carefully monitor ongoing developments in the region and their impact on global food insecurity.
"The discontinuation of the initiative impacts the food supply to countries that rely heavily on shipments from Ukraine, in particular in North Africa, the Middle East, and South Asia," the fund said. "It worsens the food security outlook and risks adding to global food inflation, especially for low-income countries."
