IMF urges countries to support vulnerable, avoid blanket subsidies as food, fuel prices soar

Indonesia Berita Berita

IMF urges countries to support vulnerable, avoid blanket subsidies as food, fuel prices soar
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The IMF said governments fighting soaring food and fuel prices should target aid to vulnerable citizens rather than issue across-the-board aid that risked adding to strains on public finances.

Over half of 134 countries surveyed said they had introduced subsidies or tax cuts to soften the blow of soaring price rises triggered by the war in Ukraine, the International Monetary Fund said in a blog.

"Policymakers should allow high global prices to pass through to the domestic economy while protecting vulnerable households affected by the increases," the IMF blog said.

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