01847cas a2200241 a 4500 AALejournalIMF019685 230101c9999 xx r poo 0 0eng d 5.00 USD 9781498334136 2663-3493 BD-DhAAL BD-DhAAL International Monetary Fund. Food and Fuel Prices-Recent Developments, Macroeconomic Impact, and Policy Responses-An Update. Washington, D.C. : International Monetary Fund, 2008. 1 online resource (20 pages) Policy Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This report updates the macroeconomic assessment of the impact of global food and fuel price increases provided in the IMF June 2008 Board paper: Food and Fuel Prices-Recent Developments, Macroeconomic Impact, and Policy Response. Food and oil prices peaked in early summer-in particular, oil prices surged to levels envisaged under the most adverse scenario presented in the June paper. Against this background, the effects of higher prices on the balance of payments, budgets, and domestic prices intensified and a large group of low- and middle-income countries is experiencing a substantial weakening of their balance of payments and higher inflation. These findings reinforce the importance of adopting appropriate policies to maintain macroeconomic stability while protecting the poor. Mode of access: Internet Policy Papers; Policy Paper ; No. 2008/058 Full text available on IMF http://elibrary.imf.org/view/journals/007/2008/058/007.2008.issue-058-en.xml IMF e-Library