The International Monetary Fund (IMF) on Tuesday confirmed that it is moving toward expanding emergency financing for countries hit by surging food prices and shortages triggered by the war in Ukraine, with some 20 to 30 countries seen most in need.
IMF Managing Director Kristalina Georgieva said the fund's executive board members were "very positive" about the proposed "food shock window" when they met informally on Monday, and she hoped they would approve it to allow a swift disbursal of funds.
