Supervisor Elham AbolFateh
Editor in Chief Mohamed Wadie

IMF: Russia’s Withdrawal from Grain Deal Risks Increasing Global Food Prices


Thu 20 Jul 2023 | 04:06 AM
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Taarek Refaat

Russia’s withdrawal from the agreement allowing Ukrainian exports via the Black Sea is exacerbating the global food security crisis and risking further inflating food prices, especially for low-income countries, the International Monetary Fund said on Wednesday.

An IMF spokesman said the international corporation will continue to closely monitor current developments in the region and their impact on global food security.

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