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Article: IMF WARNS OF "OTHER CRISIS" ARISING DUE TO HIGH FOOD, OIL PRICES.
- Article from:
- AsiaPulse News
- Article date:
- September 26, 2008
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WASHINGTON, Sept 26 Asia Pulse - The International Monetary Fund (IMF) has warned that global financial crisis must not eclipse the need to tackle rising food and oil prices, while projecting fuel prices to average US$113 a barrel this year, which would accelerate inflation in low income and emerging countries towards the end of 2008.
"It is important not to lose sight of the other crisis -- the continued debilitating impact of food and fuel hikes on some of the world poorest countries," IMF Managing Director Dominique Strauss-Kahn said here.
While food and fuel prices have eased somewhat in recent months, they are well above the levels at the onset of ...