IMF warns El Nino and supply shocks threaten food security in Africa
- Reports
- 14
- Developments
- 1
- Repetition
- 93%
New informationRepeats or wire copies
What happened
An official from the International Monetary Fund stated that sub-Saharan African economies may face exacerbated food insecurity if new shocks continue to drive up food prices. The official noted that El Nino could significantly affect agricultural output and push up food inflation. Food price increases have already been driven up by fertilizer costs and disruptions to grain shipments from Ukraine and Russia in the Black Sea.
From oklahomastar.com
Why it matters
The International Monetary Fund released a report examining developments in sub-Saharan Africa, advising African countries to rely on domestic resources. The combination of climate risks, fertilizer shortages, and global conflict disruptions could lead to low agricultural production and increased consumer price index inflation across the continent.
The International Monetary Fund released a report examining developments in sub-Saharan Africa and advised African countries to rely on domestic resources.
From oklahomastar.com
Who's involved
- International Monetary FundInternational Monetary Fund official who issued the warning on food insecurity
- AfricaThe continent where food insecurity and inflation risks are being discussed
- El NinoClimate driver noted as a factor that could significantly affect agricultural output
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- NigeriaSpeculative
Nigeria might experience increased regional food inflation and supply shocks affecting core economic stability.
- UgandaSpeculative
Uganda might see increased food prices and inflation due to the International Monetary Fund's outlook on sub-Saharan Africa.
- KenyaSpeculative
Kenya might face higher food prices and inflation resulting from the International Monetary Fund's outlook on sub-Saharan Africa.
- EthiopiaSpeculative
Ethiopia might experience higher food prices and inflation driven by the International Monetary Fund's outlook on sub-Saharan Africa.
- East AfricaSpeculative
East Africa might see agricultural yield and food production threatened by El Nino and rising fertilizer costs.
- African Development BankSpeculative
African Development Bank might face increased risk profiles affecting its lending and project viability due to rising food inflation.
- SahelSpeculative
The Sahel might be impacted by rising food prices and inflation resulting from the International Monetary Fund's outlook on sub-Saharan Africa.
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The entities involved
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Africa
continent
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International Monetary Fund
international financial institution
Related events
- IMF raised Nigeria's growth forecast for 2026, reflecting the nation's macroeconomic stability.
- Climate risk assessment shows drought risk affecting agricultural value chains across Africa due to El Niño.
- The IMF acknowledged improving economic indicators in Nigeria in 1995.
- IMF findings were used by an economist at Mzuzu University to inform advice.
- Climate impacts intensify across Africa in 2025, leading to deepening droughts in East Africa, severe floods in Nigeria, and related issues in the DRC.