AFRICA: Soaring food and fuel prices may hurt growth
Wednesday, April 09, 2008
Tayech Ali arrived half an hour before the grain distribution centre in Gojam Berenda, in the capital, Addis Ababa, opened, but still had to queue for three hours before she could buy some wheat. Ethiopia is just one of the many African countries reeling from the impact of rising global commodity prices. According to the UN Economic Commission for Africa, rising food and energy prices could hurt Africa's growth in the 21st century. The situation has also affected aid agencies. WFP, in an appeal to donors on 20 March, said soaring food and fuel prices had created a critical funding gap of US$500 million in its programmes as at February. Source: IRIN: http://www.irinnews.org
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