This story is from March 27, 2022
IMF chief warns of unrest caused by crisis
DOHA
: The head of the International Monetary Fund is warning that the global economic strain caused by Russia's war inUkraine
could stoke civil unrest in the Middle East and beyond.Qatar
on Sunday,Kristalina Georgieva
said Russia's invasion and the resulting sanctions on Moscow have forced the world's poorest to bear the worst of thecrisis
as they grapple with inflated food costs and scarcer jobs.Georgieva hinted that the current situation evoked the lead-up to the 2011 uprisings known as the Arab Spring, when skyrocketing bread prices fueled anti-government protests across the Middle East.
“When prices jump, and poor people cannot feed their families, they will be on the streets,” she said. “One thing we know about trouble in one place, it travels, it doesn't stay there.”
Georgieva called for greater global cooperation to fill the gaps in commodity and energy supplies.
“Please, work together,” she said. “Oil producers, gas producers and food producers today are in a position to help reduce this uncertainty.”
She cited Ukraine's importance as a top wheat exporter in urging a swift resolution to the war.
Top Comment
Vjay San
1003 days ago
A most stupid comment as the crisis in poor countries is actually a result of the sanctions imposed by rich countries, forcing the 3rd world no options to ride the consequences. While the Russian invasion may have had a limited impact, the wading in of Europe and the US into the conflict through sanctions and imposing it on other nations by threats was a deliberate effort to selfishly destroy what is essentially African and Asian economies. The narrative on India's purchase of Russian oil is a case in point. One would hope that international institutions tell it as it is rather than lie on behalf of their patrons and Prez Biden.Read allPost comment
Popular from World
- Pakistan launches series of airstrikes on Afghanistan, at least 46 killed
- NYC subway horror: Why no one stopped illegal immigrant accused? Woman burned alive while bystanders, NYPD cop 'Ignored' victim
- How astronauts stuck in space end up with Santa hats for Christmas? Internet flooded with conspiracy theories; Nasa responds
- Luigi Mangione’s grin and Prada-like court attire fuels online obsession amid trial
- Haiti hospital reopening marred by deadly gang attack: 2 journalists killed, bloodshed caught on video
end of article
Trending Stories
- GOOD NEWS! For Dallas Cowboys QB Dak Prescott fans: "A month away from running and really moving."
- ICC Champions Trophy 2025 schedule: Complete list of fixtures including India matches
- Draya Michele, Jalen Green’s Girlfriend, And Other NBA Stars React To Anthony Edwards’ Family Portrait On Social Media
- Travis Head declared fit as Australia reveal playing XI for Boxing Day Test against India in Melbourne
- Boy injured in 'Pushpa-2' stampede responds after 20 days
- Condom ad spoils mood at IIT-Bombay fest, pulled out
- TN shortlists 2 sites for Hosur airport
Visual Stories
- How to make Masala Chicken Curry at home
- 10 beautiful animals that are pink in colour
- 10 easy-to-care-for beautiful freshwater fish for home aquariums
- 9 vegetarian dishes shine in the ‘100 Best Dishes in the World’ list
- 10 rare animals found only in Asia
TOP TRENDS
UP NEXT