Connect with us

Hi, what are you looking for?

News

IMF approves $105 million to fight food shortages in Haiti

REUTERS

MEXICO CITY — The International Monetary Fund’s (IMF) executive board approved $105 million to help Haiti address severe food insecurity, the institution said on Monday, as the Caribbean country faces widespread shortages amid a humanitarian crisis.

The payment, under the IMF’s Food Shock Window program, is set to address “urgent balance of payment needs related to the global food crisis”, the fund said in a statement.

“Record price inflation … worsened Haiti’s fragility and compounded the suffering of Haiti’s population already affected by a severe malnutrition,” said deputy managing director Antoinette Sayeh, pointing to “spillovers” from Russia’s invasion of Ukraine early last year.

It said funds would be allocated to those most affected by food price increases through feeding programs, cash and in-kind transfers to vulnerable households and other measures.

Authorities should carefully control, track, record and publish all spending related to the emergency response, it added, to ensure it is used appropriately.

The $105 million – 0.5% of Haiti’s gross domestic product – corresponds to an expected financing gap in 2023 as the country battles a cholera crisis and severe food shortages, compounded by widespread violence from criminal gangs in parts of the capital, Port-au-Prince. — Reuters

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest

Editor’s Pick

<?xml encoding=”utf-8″ ??> The chain announced last year that it would be selling nearly 40 of its pubs due to the combined impact of...

Editor’s Pick

<?xml encoding=”utf-8″ ??> The highest taxpayers in the UK include a scrap metal dealer, JK Rowling, the founder of Gymshark, Sting and the Duke...

News

PIXABAY SYDNEY — Australia’s competition regulator said on Friday it would check whether influencers on social media platforms had failed to disclose their affiliation...

News

Petronas Twin Towers in Kuala Lumpur, Malaysia. — PEXELS KUALA LUMPUR — Malaysia’s law minister on Thursday said a Luxembourg court had set aside...

News

A man types on a computer keyboard in this illustration picture taken on Feb. 28, 2013. — REUTERS/KACPER PEMPEL/FILE PHOTO WASHINGTON — The Federal...

News

To reach more customers across the country, Globe, the leader in Mobile, is opening assisted registration in 30 branches of leading supermarket Puregold as...

You May Also Like

News

COVID-19 has had a significant impact on the mental health of Filipinos across different groups all over the archipelago. From frontline workers, parents balancing...

News

REUTERS By Luz Wendy T. Noble, Reporter The country’s foreign exchange buffers slightly increased as of end-October as the value of the central bank’s...

News

BW FILE PHOTO GROSS BORROWINGS by the National Government reached P2.6 trillion as of end-September as it continued to raise funds to respond to...

News

KARASOLAR.COM TENA, Ecuador — Ecuador’s rainforest Achuar people say their ancestors long dreamed of a “fire canoe” or “electric fish” that would let them...

Disclaimer: Respect Investment.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2022 Respect Investment. All Rights Reserved.