## Food and Fuel Prices - Recent Developments, Macroeconomic Impact, and Policy Responses

_Policy Papers, June 30, 2008_

## Source details

**Canonical URL:** [Food and Fuel Prices - Recent Developments, Macroeconomic Impact, and Policy Responses](https://www.imf.org/en/publications/policy-papers/issues/2016/12/31/food-and-fuel-prices-recent-developments-macroeconomic-impact-and-policy-responses-pp4266)

## Other formats

- [Markdown version](/en/publications/policy-papers/issues/2016/12/31/food-and-fuel-prices-recent-developments-macroeconomic-impact-and-policy-responses-pp4266/index.md)
- [Structured JSON version](/en/publications/policy-papers/issues/2016/12/31/food-and-fuel-prices-recent-developments-macroeconomic-impact-and-policy-responses-pp4266/index.json)
- [Bundle manifest](/en/publications/policy-papers/issues/2016/12/31/food-and-fuel-prices-recent-developments-macroeconomic-impact-and-policy-responses-pp4266/bundle-manifest.json)

## Bibliographic details
- Published: June 30, 2008
- Series: Policy Papers

---

### Major findings — macroeconomic impacts
- The report assesses effects of the surge in food and fuel prices on:
  - Balance of payments
  - Budgets
  - Prices (inflationary pressures)
  - Poverty (distributional and poverty impacts)
- The analysis is described as an initial assessment of a still-evolving situation; the somewhat tentative nature of the analysis is explicitly noted.

### Countries' policy responses reviewed
- The report reviews countries’ macroeconomic policy responses to date, considering measures taken to mitigate immediate and medium-term impacts on macroeconomic stability and vulnerable populations.

### Fund advice and recommended policy priorities
- Overarching policy guidance (as stated in the report):
  - Policies should (i) ensure that food and finance reaches the most affected countries as quickly as possible,
  - (ii) include targeted and scaled-up social measures,
  - (iii) avoid high costs in terms of macroeconomic instability or loss in future agricultural production.
- The Fund emphasizes collaboration with international partners.
- The Fund stands ready to provide balance of payments assistance.

### Emphasis and caveats
- The paper presents an initial assessment and therefore contains tentative analysis that should be borne in mind when interpreting findings and recommendations.

*Source: Food and Fuel Prices - Recent Developments, Macroeconomic Impact, and Policy Responses (June 30, 2008).*

---

## Content in this bundle

- **Food and Fuel Prices—Recent Developments, Macroeconomic Impact, and Policy Responses; June 30, 2008**
  - [Food and Fuel Prices—Recent Developments, Macroeconomic Impact, and Policy Responses; June 30, 2008 (Markdown version)](/-/media/websites/imf/imported-full-text-pdf/external/np/pp/eng/2008/_063008.pdf.md){rel="alternate" type="text/markdown"}
  - [Food and Fuel Prices—Recent Developments, Macroeconomic Impact, and Policy Responses; June 30, 2008 (PDF)](/-/media/websites/imf/imported-full-text-pdf/external/np/pp/eng/2008/_063008.pdf){rel="external" type="application/pdf"}

---

_Source: https://www.imf.org/en/publications/policy-papers/issues/2016/12/31/food-and-fuel-prices-recent-developments-macroeconomic-impact-and-policy-responses-pp4266_