IMF head warns rising food and fuel prices strain family budgets 'to breaking point' | The Guardian |

IMF fiscal affairs director Vitor Gaspar said governments must target support measures at vulnerable people who are hit hardest by rising energy and food prices in the wake of the war in Ukraine.

He said the Washington-based fund was open to emergency financing for nations facing food insecurity, especially those struggling under high debts.

The IMF managing director Kristalina Georgieva said "rising food and fuel prices are straining the budgets of ordinary families to the breaking point". She warned of a "double crisis" from the Ukraine war and the Covid pandemic, which she said is a "massive setback for the global recovery," a day after the IMF slashed its global growth forecast.