Perfect Storm Drives Soaring Food Prices

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You have probably noticed how a trip to the grocery store has become a more costly affair compared to a year ago. A quick glance at the news explains why: the pandemic-induced supply chain disruptions, later exacerbated by the war in Ukraine, caused the surge in global energy and agricultural commodity prices. Together with higher transport prices, they have created a “perfect storm” of global food price inflation.

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Applying Flexible Purchasing Multiple to Enhance CMIM Resource Allocation

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With a total financing capacity of USD240 billion, the Chiang Mai Initiative Multilateralisation (CMIM) is the world’s second largest regional financing arrangement (RFA) among active RFAs, after the European Stability Mechanism (ESM) and much larger than most other arrangements in non-European regions.

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