The IMF’s April 2025 Regional Economic Outlook for Sub-Saharan Africa presents a clear warning: regional growth is slowing, debt pressures are mounting, and donor assistance is declining. Yet the report outlines critical opportunities particularly in domestic revenue mobilization, structural reform, and private sector activation that can shape a more resilient …
Rising food prices have developed into a global crisis, United Nations Secretary-General Ban Ki-moon said on Friday. Concerns about food security mounted this week as rice prices hit records in Asia and the United States warned that staples for the world's hungry were getting much more expensive. "This steeply rising …
Global food prices have witnessed an unprecedented surge in recent months. The increase in prices, which initially started with corn and wheat, has now engulfed all cereals, and vegetable oils, meat, milk and most fruits and vegetables. The food price index (base 2005=100) of the International Monetary Fund, which covers …
While customers at restaurants in New York City will soon be able to count the calories of their meals in an attempt to curb the obesity epidemic, people in New Delhi are currently counting their grains of rice. From Bolivia to Yemen, people around the world are taking to the …
The inflationary process at the international level is pushed by factors that cannot be easily controlled. THE chances are that people under the age of 30 in most countries of the world would never have experienced price rises of the extent and rapidity of the past year. Globally, the prices …
The current food crisis is nature's way of cocking a snook at man's pompousness. With all the tall claims of progress in science, we are yet to find a permanent solution for the most basic of needs i.e., food. Food riots have been reported from a number of countries including …
Members of the National Democratic Alliance on Thursday formed a human chain in the Parliament complex, wearing placards asking the government to control prices or quit, raising slogans outside and inside Parliament and finally forcing adjournment of both Houses. The "action' started at 11 a.m. and lasted till after noon. …
Precious commodity: Residents with subsidised rice in Manila recently. President Gloria Arroyo has declared war on hoarders and is using the military to move supplies of subsidised rice. The global food crisis reached the U.S. on Wednesday as big retailers began rationing sales of rice in response to bulk purchases …
In the backdrop of bumper wheat production estimates this year, the process of wheat procurement by the state agencies, such as the Food Corporation of India (FCI), in Uttar Pradesh has started and will continue till June 30. UP is the largest wheat producing state in the country and provides …
Alarmed by rising global food prices, some European leaders are rethinking their commitment to use ethanol fuel and are considering other policy changes to lower the costs of basic staples. British Prime Minister Gordon Brown became the latest official to say that the European Union may have to back off …
Demand for plant products has never been greater, more people, rising affluence, and expanding biofuels programs are rapidly pushing up the prices of grain and edible oil. Boosting supply isn't easy: All the best farm land is already in use. There's an acute need for another jump in global agricultural …
The Delhi Grain Merchants Association on Wednesday threatened to stop purchasing fresh stocks of food grain if the state 'government continued its raids in shops. DGMA president 0 P Jain warned that their decision not to buy fresh stocks might result in spiralling prices due to grain scarcity. Jain said …
Soaring food prices are a "massacre" of the world's poor and are creating a global nutritional crisis, Venezuelan President Hugo Chavez said on Tuesday, calling it a sign that capitalism is in decline. His comments came only hours after the United Nations' World Food Program called more expensive food a …
THE World Food Program has begun to cut the provision of school meals to some of the world's poorest children as the global crisis over food prices worsens. WFP executive director Josette Sheeran said on Tuesday that the price of basic foods was rising so rapidly that a shortfall in …
Soaring food prices are a "massacre' of the world's poor and are creating a global nutritional crisis, Venezuelan President Hugo Chavez said on Tuesday, calling it a sign that capitalism is in decline. His comments came only hours after the United Nations' World Food Program called more expensive food a …
The real solution for meeting shortages is to increase supplies instead of imposing controls. There is ample scope for increasing production of food grains -Brij Bhardwaj World is facing serious crisis in terms of finding enough to feed teeming millions and at the same time also meet the growing needs …
Surging prices of essential commodities of daily consumption such as rice, potato, onion, mustard oil, vegetables and so on, at regular or long intervals has been a common phenomenon in our society over the decades. It comes about when both supply and demand go off from the equilibrium position. Whatever …
India may be worried about smuggling of drugs, arms and ammunition and infiltration of jehadis from across the border but Pakistan seems to be more concerned at the possibility of smuggling of rice, pulses and wheat from its territory. Skyrocketing prices in India has "forced' Pakistan to send an urgent …
Prime Minister Manmohan Singh's lot is to prove his mettle and make a case for a balance between wise economics and sensitive governance. Last week, Parliament got down to debating inflation, particularly the back-breaking rise in the prices of food commodities. It was a serious occasion. Finance Minister P. Chidambaram …
