The International Monetary Fund has approved a new lending facility for countries faced with acute food insecurity. The lender’s managing director Kristalina Georgieva says the facility will fall under the emergency financing instrument and will be called a ‘Food Shock Window’. Reuters reports that the new financing window will be open for one year and will provide additional access to emergency financing to countries that have urgent balance of payments needs and are suffering from acute food insecurity, a sharp food imports shock, or from a cereals export shock.