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IMF warns over high food prices

The head of the International Monetary Fund has said high food prices could have dire consequences for people in many developing countries, especially in Africa.

  • Agencies
  • Published: 08:48 April 13, 2008
  • Gulf News

Washington: The head of the International Monetary Fund has said high food prices could have dire consequences for people in many developing countries, especially in Africa.

Dominique Strauss-Kahn said on Saturday that if current trends continue ''thousands, hundreds of thousands of people will be starving.''

Earlier, Germany's development minister Heidemarie Wieczorek-Zeul said more regulation of the global bio-fuels market was needed to help stop the rise in food prices.

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