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IMF Warns of Global Food and Energy Crisis
A report by the International Monetary Fund warns of increasing food and energy crises and global poverty, especially as prices for basic commodities rise, leading to higher inflation and a decline in living standards for the poor. The new model indicates that approximately 23 million additional people have fallen below the poverty line between 2021 and 2024 due to these crises, with inflation expectations remaining high in the near and medium terms. The report recommends targeted cash transfers as an effective means of protecting vulnerable groups, while cautioning against the efficacy of supporting producers in some cases, particularly amid current global economic challenges and geopolitical disruptions.
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