Come up with anti- inflation policies- IMF

Countries have been urged to come up with anti- inflation monetary policy response and prioritise income support measures to protect vulnerable groups. The International Monetary Fund ( IMF) committee highlighted that the acute food security shock requires both domestic and global responses, including financing and policy transformation support by the multilateral financial institutions. At the same time, there was consideration that the domestic fiscal initiatives need to be guided by debt sustainability considerations and should be supported by credible medium- term policy frameworks; with a view to consolidate public finances. The IMF further observed that financial and external policies must be designed to preserve macroprudential and financial stability. “As financial conditions tighten, there would be a need for heightened vigilance to guard against rising systemic risks, including in the housing markets.”