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Reuters
Reuters
Business

IMF approves $105 million to fight food shortages in Haiti

FILE PHOTO: The International Monetary Fund (IMF) logo is seen outside the headquarters building in Washington, U.S., September 4, 2018. REUTERS/Yuri Gripas

The International Monetary Fund's (IMF) executive board approved $105 million to help Haiti address severe food insecurity, the institution said on Monday, as the Caribbean country faces widespread shortages amid a humanitarian crisis.

The payment, under the IMF's Food Shock Window program, is set to address "urgent balance of payment needs related to the global food crisis", the fund said in a statement.

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