In Honduras, the Bank is preparing a food crisis related emergency operation to expand support for the country's efforts to tackle the adverse effects of the rising food prices.
The basic working tool is the "T"account, which provides a simple means of tracing, step by step, the effects ofthese transactions on both the asset and liability sides of bank balancesheets.
The World Bank in its China Quarterly Update argues that in the short run the benefits of price controls in curbing inflation expectations may outweigh the detrimental effects.