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Brochure, flyer, fact-sheetUnlocking rural finance for inclusive agrifood systems 2023
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No results found.The provision of financial services to rural smallholder households, including savings, credit, insurance and payments, remains among the most difficult challenges in finance and development. Despite progress in the extension of these services to rural areas, rural finance ecosystems in low- and middle-income countries remain fragmented due to high transaction costs associated with the uneven and disperse distribution of populations, inadequate infrastructures and unexpected threats to agricultural productivity. As a result, small-scale actors and most marginalized groups – such as women and youth – remain largely excluded from access to finance and investment. Developing and scaling up inclusive financial solutions is key to improve the livelihoods and resilience of the most vulnerable people, reduce inequalities and poverty, end food insecurity and malnutrition, and promote the sustainable use of natural resources in order to build sustainable and inclusive agrifood systems that leave no one behind. -
Policy briefUnlocking public expenditure to transform agrifood systems in sub-Saharan Africa 2022
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No results found.This policy brief highlights the main challenges of public spending on food and agriculture in selected sub-Saharan Africa (SSA) countries. Public spending – or expenditure – on food and agriculture is widely accepted as the most cost-effective strategy to drive structural transformation and poverty reduction in developing countries. So much so that back in 2003, countries in the African Union stressed agriculture as an engine for socioeconomic growth, and committed to allocate 10 percent of their national budgets to the sector. Almost 20 years later, most countries out of the sixteen analysed in the FAO study on ‘Public expenditure on food and agriculture in sub-Saharan Africa: trends, challenges and priorities’ still struggle to hit this development target. What, therefore, is stopping countries from spending more on the sector? Rather than a lack of political will, various factors such as constrained public budgets, limited fiscal space, and the burden of debt repayments are obstacles to higher public spending on agrifood systems. Moreover, the policy brief underscores two critical expenditure issues: budget execution and implementation. On average, over 20 percent of funds goes unspent, and this is more likely to occur in capital investment expenditures such as irrigation and road infrastructure. Raising additional resources for the sector where possible, unblocking already available resources and managing them effectively, as well as de-risking private-sector investments in the sector, and prioritizing spending with the highest returns, are the keys to unlocking public expenditure to help transform agrifood systems. -
PresentationAFCAS 28: Leveraging data and statistics for agrifood systems transformation in Africa. FAO Food and Agriculture Microdata Catalogue: Unlocking the power of microdata
African Commission on Agricultural Statistics. 28th session, 4-8 December 2023
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