Audio By Carbonatix
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.
Market turmoil
Although the problems in global credit markets were the main focus of the meeting of the IMF's steering committee of finance ministers from 24 countries, Mr Strauss-Kahn warned of dire consequences from continued food price rises.
"Thousands, hundreds of thousands of people will be starving. Children will be suffering from malnutrition, with consequences for all their lives," he told reporters.
He said the problem could lead to trade imbalances that may eventually affect developed nations, "so it is not only a humanitarian question".
Food prices have risen sharply in recent months, driven by increased demand, poor weather in some countries and an increase in the use of land to grow crops for transport fuels.
The steering committee also called for "strong action" among its 185 members to deal with "the still unfolding financial market turmoil and... the potential worsening" of housing markets and the credit crunch.
The finance ministers did not dissent from the IMF's previous forecast that only a moderate slowdown in world economic growth is the most likely outcome over the next year or two.
Source: bbc
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Deputy Energy Minister reaffirms Ghana’s commitment to gas-led development at West Africa Gas Summit
12 minutes -
Protect Ghanaians in South Africa through diplomacy – Bosome Freho MP to gov’t
20 minutes -
About 49,000 Ghanaians still live in South Africa – Bosome Freho MP discloses
24 minutes -
Bosome Freho MP urges South Africa to take decisive action against Xenophobic attacks
28 minutes -
Mfantsipim SHS final-year student commits suicide
35 minutes -
Complete Farmer launches CF Grower and CF Buyer to deepen digital agriculture in Ghana
41 minutes -
Nukunu Sports Academy to support young football enthusiast until he turns 14
50 minutes -
With green card, Ofori-Atta has far more protection than he had previously – Kpebu
55 minutes -
Ghana Gas pays courtesy call on NPA CEO
1 hour -
Extradition of Ken Ofori-Atta would be complex, protracted legal battle – Martin Kpebu
1 hour -
Ofori-Atta’s health could influence any U.S. extradition decision – Martin Kpebu
1 hour -
Free Speech development in Ghana today and its implications for media development
2 hours -
NACOC to commemorate International Day against Drug Abuse and Illicit trafficking
2 hours -
Dafeamekpor calls for AU early warning system against Xenophobic violence
2 hours -
South Africa risks undermining its moral authority through Xenophobia – Dafeamekpor
2 hours