Azara Blog: IMF recognises that food price inflation is a problem for the poor

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Date published: 2008/04/13

The BBC says:

The head of the International Monetary Fund (IMF) has warned that hundreds of thousands of people will face starvation if food prices keep rising.

Dominique Strauss-Kahn said that social unrest from continuing food price inflation could cause conflict.

There have been food riots recently in a number of countries, including Haiti, the Philippines and Egypt.

Meeting in Washington, the IMF called for strong action on food prices and the international financial crisis.

Well it's good that at least some of the top-ranking bureaucrats seem to be paying some attention to this problem. But what can the IMF (or anyone else) do about rising food price inflation, which is caused by huge oil price inflation, increasing populations and quite possibly climate change (both via diversion of land use from food to biofuel crops, and possibly via worse agricultural conditions)? They will just have to hope (like everyone else) that increases in food production might be forthcoming.

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