Targeted support, not subsidies, can best protect people when inflation surges – IMF

The International Monetary Fund (IMF) has stated that targeted support, rather than subsidies, can best protect people when inflation surges. The financial institution noted that price-suppressing measures can be expensive because much of the support may benefit households that do not need it. The IMF's position suggests a preference for direct assistance to vulnerable groups over broad subsidies. The statement was reported by Premium Times.

Read More