IMF Says Africa Groans Under Rising Food, Energy Prices

View previous topic View next topic Go down

IMF Says Africa Groans Under Rising Food, Energy Prices

Post by yunowu on Tue Jul 01, 2008 7:59 pm

By Barry Wood
Washington
01 July 2008

The International Monetary Fund said Tuesday the current boom in fuel and food prices, the biggest commodity price gain in 30 years, is having an uneven impact and is hurting the world's poorest countries most. VOA's Barry Wood reports....

Eighteen African countries are hardest hit, with the worst impact being felt in Liberia, Guinea-Bissau, Eritrea, Togo, Comoros, Malawi and Guinea....

http://www.voanews.com/english/2008-07-01-voa68.cfm

yunowu
Forum Leader

Posts : 419
Join date : 2008-06-21

View user profile

Back to top Go down

UN: 50 Million More People Hungry Due to High Food Prices

Post by yunowu on Thu Jul 03, 2008 10:09 pm

By VOA News

03 July 2008

The U.N. Food and Agriculture Organization says the number of hungry people
in the world increased by about 50 million last year due to high food
prices....
The FAO says global food production needs to double
by 2050
in order to meet growing demand. The group says production
increases should take place mostly in developing countries, where more
than 95 percent of the projected population increase will occur..........

http://www.voanews.com/english/2008-07-03-voa56.cfm

yunowu
Forum Leader

Posts : 419
Join date : 2008-06-21

View user profile

Back to top Go down

Is food the new oil?

Post by yunowu on Fri Jul 11, 2008 9:44 pm

10 July 2008
Standard & Poor's says ongoing high food costs will significantly increase the susceptibility of some countries to negative ratings movements.
Soaring global food prices constitute a negative exogenous shock for numerous rated sovereigns. In this review we conclude that although a food price rise in itself is unlikely to be the direct cause of negative ratings action, for many sovereigns, ongoing high food costs will significantly increase overall susceptibility to negative rating movements by exacerbating already weak external and fiscal positions, or by increasing the potential for political and social unrest...
http://financeasia.com/article.aspx?CIaNID=79976

yunowu
Forum Leader

Posts : 419
Join date : 2008-06-21

View user profile

Back to top Go down

Re: IMF Says Africa Groans Under Rising Food, Energy Prices

Post by Sponsored content Today at 6:46 am


Sponsored content


Back to top Go down

View previous topic View next topic Back to top

- Similar topics

 
Permissions in this forum:
You cannot reply to topics in this forum