Staple Food Prices In Sub Saharan Africa An Empirical Assessment

Author : Cedric Okou
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 44 pages
Book Rating : 4.90/5 ( download)

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Download or read book Staple Food Prices in Sub-Saharan Africa: An Empirical Assessment written by Cedric Okou and published by International Monetary Fund. This book was released on 2022-07-08 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes the domestic and external drivers of local staple food prices in Sub-Saharan Africa. Using data on domestic market prices of the five most consumed staple foods from 15 countries, this paper finds that external factors drive food price inflation, but domestic factors can mitigate these vulnerabilities. On the external side, our estimations show that Sub-Saharan African countries are highly vulnerable to global food prices, with the pass-through from global to local food prices estimated close to unity for highly imported staples. On the domestic side, staple food price inflation is lower in countries with greater local production and among products with lower consumption shares. Additionally, adverse shocks such as natural disasters and wars bring 1.8 and 4 percent staple food price surges respectively beyond generalized price increases. Economic policy can lower food price inflation, as the strength of monetary policy and fiscal frameworks, the overall economic environment, and transport constraints in geographically challenged areas account for substantial cross-country differences in staple food prices.

Author : M. B. Ndulo
Publisher : CABI
ISBN 13 : 9781845939144
Total Pages : 285 pages
Book Rating : 4.4X/5 ( download)

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Download or read book The Food and Financial Crises in Sub-Saharan Africa Origins, Impacts and Policy Implications written by M. B. Ndulo and published by CABI. This book was released on 2011 with total page 285 pages. Available in PDF, EPUB and Kindle. Book excerpt: Dramatic increases in food prices, as witnessed on a global scale in recent years, threaten the food security of hundreds of millions of the rural poor in Sub-Saharan Africa alone. This book focuses on recent food and financial crises as they have affected Africa, illustrating the problems using country case studies, that cover their origins, effects on agriculture and rural poverty, their underlying factors and making recommendations as to how such crises could best be addressed in the future.

Author : Mr.Emre Alper
Publisher : International Monetary Fund
ISBN 13 : 1475563116
Total Pages : 40 pages
Book Rating : 4.15/5 ( download)

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Download or read book Food Inflation in Sub-Saharan Africa written by Mr.Emre Alper and published by International Monetary Fund. This book was released on 2016-12-22 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes food inflation trends in Sub-Saharan Africa (SSA) from 2000 to 2016 using two novel datasets of disaggregated CPI baskets. Average food inflation is higher, more volatile, and similarly persistent as non-food non-fuel (NF/NF) inflation, especially in low-income countries (LICs) in SSA. We find evidence that food inflation became less persistent from 2009 onwards, related to recent improvements in monetary policy frameworks. We also find that high food prices are driven mainly by non-tradable food in SSA and there is incomplete pass-through from world food and fuel prices and exchange rates to domestic food prices. Taken together, these finding suggest that central banks in low-income countries with high and persistent food inflation should continue to pay attention to headline inflation to anchor inflation expectations. Other policy levers include reducing tariffs and improving storage and transport infrastructure to reduce food pressures.

Author : Jean Chrysostome K. Kiyala
Publisher : Springer Nature
ISBN 13 : 3031483758
Total Pages : 725 pages
Book Rating : 4.52/5 ( download)

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Download or read book Climate Change and Socio-political Violence in Sub-Saharan Africa in the Anthropocene written by Jean Chrysostome K. Kiyala and published by Springer Nature. This book was released on with total page 725 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Diogo Miguel Salgado Baptista
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 48 pages
Book Rating : 4.07/5 ( download)

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Download or read book Climate Change and Chronic Food Insecurity in Sub-Saharan Africa written by Diogo Miguel Salgado Baptista and published by International Monetary Fund. This book was released on 2022-09-15 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: Climate change is intensifying food insecurity across sub-Saharan Africa (SSA) with lasting adverse macroeconomic effects, especially on economic growth and poverty. Successive shocks from the war in Ukraine and COVID-19 pandemic have increased food prices and depressed incomes, raising the number of people suffering from high malnutrition and unable to meet basic food consumption needs by at least 30 percent to 123 million in 2022 or 12 percent of SSA’s population. Addressing the lack of resilience to climate change—that critically underlies food insecurity in SSA—will require careful policy prioritization against a backdrop of financing and capacity constraints. This paper presents some key considerations and examples of tradeoffs and complementarities across policies to address food insecurity. Key findings include (1) Fiscal policies focused on social assistance and efficient public infrastructure investment can improve poorer households’ access to affordable food, facilitate expansion of climate-resilient and green agricultural production, and support quicker recovery from adverse climate events; (2) Improving access to finance is key to stepping up private investment in agricultural resilience and productivity as well as improving the earning capacity and food purchasing power of poorer rural and urban households; and (3) Greater regional trade integration, complemented with resilient transport infrastructure, enables sales of one country’s bumper harvests to its neighbors’ facing shortages. The international community can help with financial assistance—especially for the above-mentioned social assistance and key infrastructure areas—capacity development, and facilitating transfers of technology and know-how.

Author : Ulimwengu, John M.
Publisher : Intl Food Policy Res Inst
ISBN 13 :
Total Pages : 356 pages
Book Rating : 4./5 ( download)

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Download or read book African food systems transformation and the post-Malabo agenda written by Ulimwengu, John M. and published by Intl Food Policy Res Inst. This book was released on 2023-12-04 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt: This year marks 20 years of implementing the Comprehensive Africa Agriculture Development Programme (CAADP), which was broadened under the 2014 Malabo Declaration on Accelerated Agricultural Growth and Transformation for Shared Prosperity and Improved Livelihoods. The 2023 Annual Trends and Outlook Report generates evidence on the implementation of the CAADP/Malabo agenda and thus contributes to the design of the post-Malabo phase of CAADP implementation. The report assesses the current state of Africa's food systems, explores strategic issues related to food systems transformation, and reflects on necessary methodologies and approaches to provide a better understanding of key challenges and necessary actions to accelerate transformation.

Author : Marijn A. Bolhuis
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 27 pages
Book Rating : 4.96/5 ( download)

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Download or read book How Vulnerable is Sub-Saharan Africa to Geoeconomic Fragmentation? written by Marijn A. Bolhuis and published by International Monetary Fund. This book was released on 2024-04-05 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper studies the potential effects of geoeconomic fragmentation (GEF) in the sub-Saharan Africa region (SSA) through quantifying potential long-term economic costs. The paper considers two alternative GEF scenarios in which trade relations are fully or partially curtailed across world economies. Our quantification relies on a multi-country multi-sector general equilibrium model and takes a deep dive into the impact across SSA’s oil-rich, other resource-rich and non-resource-rich countries. The results are based on a detailed dataset including information for 136 tradable primary commodity and 24 manufacturing and services sectors in 145 countries—32 of which are in SSA. We find that under GEF, SSA could experience long-term wellfare losses of approximately 4 percent of GDP, twice the losses of the rest of the world. This strong effect results from the large losses of other resource-rich and non-resource rich countries in SSA, given their high dependence on commodity trade. However, if the world experiences a less severe GEF-induced trade disruption—a strategic decoupling—SSA countries could derive minor gains from the re-shuffling of global market supply, specially in energy products.

Author : Mr. Bjoern Rother
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 39 pages
Book Rating : 4.72/5 ( download)

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Download or read book Tackling the Global Food Crisis written by Mr. Bjoern Rother and published by International Monetary Fund. This book was released on 2022-09-29 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: Russia’s war in Ukraine has exacerbated food insecurity that had already been on the rise for half a decade. Low-income countries are affected the most. This note suggests that the food and fertilizer price shock would add $9 billion in 2022 and 2023 to the import bills of the 48 most affected countries. The budgetary cost of protecting vulnerable households in these countries amounts to $5–7 billion. Strong and timely action on a global scale is needed to support vulnerable households through international humanitarian assistance and domestic fiscal measures; to maintain open trade; to enhance food production and distribution; and to invest in climate-resilient agriculture. The IMF has been stepping up its engagement to help tackle the global food crisis, working closely with partners, by providing policy advice, capacity building and financing. IMF financing is a third line of defense in meeting external financing needs associated with the global food shock, which should ideally be covered by donor grants and concessional borrowing from MDBs. A new food shock window under the emergency financing instruments is expected to be approved soon to further strengthen its lending response to the food crisis.

Author : Stephen Devereux
Publisher : ITDG Publishing
ISBN 13 :
Total Pages : 376 pages
Book Rating : 4.53/5 ( download)

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Download or read book Food Security in Sub-Saharan Africa written by Stephen Devereux and published by ITDG Publishing. This book was released on 2001 with total page 376 pages. Available in PDF, EPUB and Kindle. Book excerpt: Most contributions reflect an evolution of thinking during the 1990s.

Author : International Monetary Fund. Asia and Pacific Dept
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 30 pages
Book Rating : 4.13/5 ( download)

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Download or read book Nepal written by International Monetary Fund. Asia and Pacific Dept and published by International Monetary Fund. This book was released on 2023-05-04 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: Nepal: Selected Issues