Developing a Regional Risk Financing Framework for Agriculture and Food Security in Southern Africa
Context and Objectives
The agriculture sector of the Southern African Development Community (SADC) region faces significant systemic risks that go beyond one single country’s capacity to manage. Regional action in terms of public policies and programs is therefore an appropriate response to help safeguard the incomes of the rural poor in the Southern African region as well as to avoid large economic shocks in these countries.
In this context, a new project supported by the ACP-EU NDRR Program is informing public policies and programs of SADC member countries for managing systemic risk to the agriculture sector and food security, in particular climate-related risks. The expected medium to long term impact is the improvement of public policies and programs where agriculture sector losses and food insecurity would benefit from an improved risk financing framework.
This project is undertaking the following main activities:
(i) implementing the latest modelling technology on agriculture and food security risks to overcome data-constraints;
(ii) identifying policy actions and programmatic investments and mechanisms at country and regional levels to improve the financial management of agriculture and food security risks.
Currently, two risk financing models for agriculture and food security for the Democratic Republic of Congo and Angola are under development.
More modelling work is planned for both countries, and expansion of modelling is expected in the broader SADC region.
Partnerships and Coordination
This project is implemented with Southern African Development Community (SADC) regional technical teams working on DRR and agriculture policy, as well as with the Ministries of Agriculture and of Finance of selected countries.