Head of the International Monetary Fund (IMF) Kristalina Georgieva says governments need to subsidise the cost of food and energy for the poorest members of society.
Speaking to the BBC, IMF Chief Georgieva warned that without adequate support, protests seen in Sri Lanka could be repeated in other nations.
She said people around the world are struggling with the rising cost of living, at present.
Kristalina Georgieva said support needs to be provided “in a very targeted manner, preferably by providing subsidies directly to people”.
She noted that many governments are providing some help but critics argue it’s not enough.
A group of international development bodies including the IMF and World Bank this week launched a major plan to try and tackle food insecurity around the world.
Meanwhile, an International Monetary Fund virtual mission to Sri Lanka is expected to conclude technical talks on a potential IMF loan program on the 24th of May.
