Food and Fuel Prices-Recent Developments, Macroeconomic Impact, and Policy Responses—An Update
Policy Papers, September 19, 2008
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- Food and Fuel Prices-Recent Developments, Macroeconomic Impact, and Policy Responses—An Update
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Bibliographic details
- Published: September 19, 2008
- Series: Policy Papers
Scope and Purpose
- Updates the macroeconomic assessment of the impact of global food and fuel price increases provided in the IMF June 2008 Board paper: Food and Fuel Prices—Recent Developments, Macroeconomic Impact, and Policy Response.
- Publication date: September 19, 2008.
- Citation capture: Food and Fuel Prices-Recent Developments, Macroeconomic Impact, and Policy Responses—An Update, (USA: International Monetary Fund, 0) accessed 9/18/2026.
Recent Developments in Prices
- Food and oil prices peaked in early summer.
- Oil prices surged to levels envisaged under the most adverse scenario presented in the June paper.
Macroeconomic Impact
- Effects of higher prices intensified on:
- Balance of payments.
- Budgets.
- Domestic prices.
- A large group of low- and middle-income countries is experiencing:
- A substantial weakening of their balance of payments.
- Higher inflation.
Policy Implications and Recommendations
- Findings reinforce the importance of adopting appropriate policies to:
- Maintain macroeconomic stability.
- Protect the poor.
Source: Food and Fuel Prices-Recent Developments, Macroeconomic Impact, and Policy Responses—An Update (September 19, 2008).
Content in this bundle
- _091908 - Executive Summary