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Reuters
Reuters
Business

Poor the hardest hit in Latam by Russia's Ukraine invasion -IMF

A vendor chats with a customer at a stall in an outdoor market in Mexico City, Mexico January 23, 2022. Picture taken January 23, 2022. REUTERS/Luis Cortes

The poorest will be the hardest hit across Latin America and the Caribbean by the economic fallout from Russia's invasion of Ukraine, with the region facing further inflationary pressure, a senior official at the International Monetary Fund said on Wednesday.

"High inflation, especially food inflation, affects the poor in our region the most. So that's the main challenge that the region will face," Ilan Goldfajn, the head of the IMF's Western Hemisphere Department, told Reuters.

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