NVDL: It may be fairer to say economic activity is basically overs kadovers. The markets are just doing their equations but the realisation is filtering through. The party is over.
Paris - The global financial crisis may have "extremely serious" consequences - including famines - in developing countries in Africa and Latin America, the IMF said on Monday.
"The consequences country by country depend on the strucuture of their economies," he told reporters at a conference of European and Latin American officials in Paris.
"The consequences may be extremely serious because they will be counted in terms of famine or malnutrition in children," he warned.
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