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Health and Fitness > Diet and Nutrition

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Cover IMF Staff Country Reports
Lesotho: Fourth Review Under the Poverty Reduction and Growth Facility Arrangement and Request for Waiver of Performance Criteria
International Monetary Fund
This paper assesses Lesotho’s Fourth Review Under the Poverty Reduction and Growth Facility Arrangement and Request for Waiver of Performance Criteria. Lesotho’s economic program was broadly on track through December 2002, but large fiscal slippages emerged by end-March 2003. IMF staff welcomes the government’s strong commitment to its economic program and recommends completion of the fourth review. It supports a waiver for the nonobserved quantitative performance criterion because of the actions taken by the government to reduce nonessential spending in 2002/03 and because of its commitment to implement sustainable fiscal policies in the medium term.
Keywords:
ISCR; CR; authority; PRGF arrangement; PRGF loan; PRGF-supported program; expenditure management systems; National Vision program; authorities' memorandum; Budget planning and preparation; Current spending; Africa
Cover IMF Working Papers
Macroeconomics and Famine
International Monetary Fund
The aim of the paper is to shift the focus of famine analysis away from food supply towards the macroeconomic determinants of food entitlement—i.e., to the ability of individuals to purchase food. Towards this end, we develop a model to demonstrate how loose monetary and fiscal policies may give rise to famine even when there is no change in per capita food output. We illustrate our findings with a description of the 1974 Bangladesh famine.
Keywords:
WP; efficiency wage; monetary policy; exchange rate; money supply; price of food; efficiency wage model; food price; transmission mechanism; private sector; supply shock; Hunger and malnutrition; Food security; Food prices; Wages