Financial Times FT.com

The global food crisis

IMF bid to help Africans on food prices

By Krishna Guha in Washington

Published: April 25 2008 00:24 | Last updated: April 25 2008 00:24

The International Monetary Fund is in talks with 10 mostly African countries over a possible increase in financial support to help deal with balance-of-payments and fiscal problems caused by high food prices.

Masood Ahmed, the IMF’s chief spokesman, told the Financial Times that the countries involved had approached the fund to see if it would be willing to step up its support through the existing poverty-reduction and growth facility.

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