| IMF: Food-fuel surge puts poor countries at ''tipping point'' |
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 Poor countries are increasingly threatened by the surging food and fuel prices, which is eating up reserves and seriously frustrating poverty reduction efforts, the International Monetary Fund (IMF) said in a broad 162-country survey.
The report said that the impact is being felt globally but is most acute for import-dependent poor and middle-income countries confronted by balance of payments problems, higher inflation, and worsening poverty.
"Some countries are really at a tipping point," IMF Managing Director Dominique Strauss-Kahn said upon the release of the report on Tuesday.
Xinhua
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Posted on Friday, July 04 @ 10:50:00 PDT by stu |
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