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flag IMF urges governments to cut broad fuel subsidies due to soaring energy prices.

flag The International Monetary Fund is urging governments to avoid broad fuel subsidies due to soaring energy prices, instead recommending targeted cash transfers for vulnerable households. flag The IMF warns that such subsidies distort market signals and could worsen global imbalances. flag It also cut its global growth forecast, warning that sustained high oil prices could push the world toward recession amid rising global government debt.

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