More than 20 countries may need emergency aid amid food crises, IMF says

More than 20 countries may need emergency aid amid food crises, IMF says

RIYADH (Reuters) – The International Monetary Fund (IMF) said on Monday more than 20 countries, including several African nations, may need emergency aid to deal with the global food crisis.

Kristalina Georgieva, Executive Director of the IMF, also pointed out that 141 million people in the Arab world face food insecurity.

According to her, 48 countries in the world are particularly vulnerable to the food crisis.

“Of those 48 countries, about 10 or 20 should ask for (emergency assistance),” Kristalina Georgieva said at a conference in Saudi Arabia, specifying that “a significant number of them” are located in sub-Saharan Africa.

“We’re here to help you,” she promised.

The IMF chief announced in a statement that the Gulf states “will soon make new commitments” to help countries struggling against rising food prices and shortages.

The Arab Coordination Group (AGG) recently pledged $10 billion to fight the global food crisis.

(Report Aziz El Yaakoubi written by Rachna Uppal; French version Camille Raynaud edited by Matthieu Protard)

Reference: www.challenges.fr

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