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 program 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.
With this context, a new project supported by the ACP-EU NDRR Program aims to inform 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.
The new project will seek to (i) bring to bear the latest modelling technology on agriculture and food security risks to overcome data-constraints; and (ii) identify policy actions and programmatic investments and mechanisms at country and regional levels to improve the financial management of agriculture and food security risks.
This project is in its inception phase.
Partnerships and Coordination
The project is implemented with Southern African Development Community (SADC) regional technical teams working on DRR and agriculture policy, as well as with Ministries of Agriculture and of Finance of selected countries.