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 …
THE World Bank has issued an urgent call to rich nations to help stem rising food prices, warning that social unrest in poor countries is spreading and that 100 million people are at risk of being plunged deeper into poverty. "We have to put our money where our mouth is …
China has banned the construction of new soyabean crushing plants, in a move designed to reduce overcapacity in the industry and check the growing market share of foreign companies in the food oil business. The announcement, by an official of the economic planning ministry in Beijing yesterday, follows the related …
Africa March 2008: Kenya faces acute food shortage. Global cereal crisis is likely to hit the country the hardest because farmers growing maize, the staple crop of Kenya, have been displaced following post-poll violence. Riots over rising food prices in Namibia and Zimbabwe and several west African countries, including Cameroon, …
Enlarge view FAO predicts that foodgrain prices will rise for another 10 years. For most cereals supplies are much tighter than in recent years, while demand is rising for food as well as feed and industrial use. Stocks, which were already low at the start of the season, are likely …
Clearly, there is a mismatch between demand and supply of cereals. And the factors contributing to this widening gap are more than just population growth. Although the reasons for shooting prices vary from cereal to cereal and region to region, there are certain overarching trends that have contributed to the …
India needs to overhaul its procurement policy and invest heavily in agriculture to boost production and keep inflation in check Can India insulate itself from the rise in global food prices? Answers are neither certain nor unanimous. While some economists believe that price rise is a cyclical phenomenon and will …
Could record food prices be their own cure, spurring farmers around the world to lift production? A recent fact-finding trip to Kenya by Josette Sheeran, director of the United Nations World Food Programme, provided little evidence to support this view. When, in a meeting with a group of farmers, Ms …
Haiti govt falls after food riots Reuters/bdnews24.com . Port-Au-Prince Haiti's government fell on Saturday when senators fired the prime minister after more than a week of riots over food prices, ignoring a plan presented by the president to slash the cost of rice. Sixteen of 17 senators at a special …
WB meets as rising food prices spark unrest Agence France-Presse . Washington The World Bank opened its spring meeting here Sunday as rising food prices spark deadly unrest in developing countries, underscoring the urgency of ensuring desperate people get fed. Policymakers of the anti-poverty bank are due to discuss a …
The Myanmar Government has agreed to provide 100,000 MTs of Rangoon Kekulu with immediate effect to overcome the current increase in the rice of price in the local market artificially created by hoarding. The decision was taken during the visit made by Trade, Marketing Development, Cooperative and Consumer Affairs Minister …
EU Can Hit Biofuels Goal Without Conflicts - Germany SLOVENIA: April 14, 2008 BRDO - The European Union can achieve its 2020 target to get 10 percent of all transport fuel from biofuels without adding to soaring food prices and harming rainforests, Germany's environment minister said on Saturday. "We can …
A doubling of food prices over the past three years could push 100 million people in poorer developing countries further into poverty and governments must step in to tackle the issue, World Bank president Robert Zoellick said on Sunday. "Based on a rough analysis, we estimate that a doubling of …
HAITI'S prime minister has been ousted in a no-confidence vote after more than a week of violent protests at rocketing food and fuel prices. Just as President Rene Preval unveiled a plan to cut the price of rice by 15%, 16 senators in the upper house of Parliament voted unanimously …
France Says Food Should Take Priority Over Biofuels FRANCE: April 14, 2008 PARIS - Production of food must take precedence globally over biofuels as prices surge and the threat of famine grows, France's farm minister said on Friday, calling for a European Union initiative on world supplies. "Absolute priority must …
Rising food prices could have terrible consequences for the world, including the risk of war, the IMF said Saturday, calling for action to keep inflation in check. "Food prices, if they go on like they are doing today ... the consequences will be terrible," International Monetary Fund managing director Dominque …
British Prime Minister Gordon Brown has urged his Japanese counterpart to include the impact of biofuel production on food prices on the agenda of the G8 summit in July, Downing Street said Thursday. "There is growing consensus that we need urgently to examine the impact on food prices of different …
UK's Brown Calls For G8 Action On Food Crisis US: April 11, 2008 WASHINGTON - British Prime Minister Gordon Brown on Wednesday called for a coordinated response led by the United Nations, World Bank and International Monetary Fund to address soaring food prices. In an April 8 letter, Brown asked …
The rising cost of basic foods risks wiping out a decade of efforts to combat global -poverty and could trigger further riots in the world's poorest countries, leading multilateral institutions warned yesterday. The World Bank, the Food and Agriculture Organisation and the International Monetary Fund were unanimous in concluding that …
