IMF Warns of Escalating Global Food Inflation as Russia Withdraws from Ukraine Grain Agreement ...Iraq

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Shafaq News/ The International Monetary Fund (IMF) on Wednesday said Russia's withdrawal from an agreement allowing Ukrainian grain exports via the Black Sea may exacerbate global food insecurity and propel food prices upward, particularly impacting low-income countries.An IMF spokesperson said the global lender is keeping a careful eye on unfolding developments in the region and assessing their potential impact on global food security."The discontinuation of the initiative impacts the food supply to countries that rely heavily on shipments from Ukraine, in particular in North Africa, the Middle East, and South Asia," the fund said. "It worsens the food security outlook and risks adding to g

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