Weathering the storm:: Agricultural Development, investment, and poverty in Africa following the recent food price crisis

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cg.authorship.typesCGIAR single centreen
cg.coverage.regionSouthern Africa
cg.coverage.regionSub-Saharan Africa
cg.coverage.regionAfrica
cg.identifier.projectIFPRI - Regional Strategic Analysis and Knowledge Support System (ReSAKSS)en
cg.identifier.projectIFPRI - Mozambique Strategy Support Programen
cg.identifier.projectIFPRI - Development Strategy and Governance Divisionen
cg.placeWashington, DCen
cg.reviewStatusInternal Reviewen
dc.contributor.authorOmilola, Babatundeen
dc.contributor.authorLambert, Melissaen
dc.date.accessioned2024-11-21T10:00:32Zen
dc.date.available2024-11-21T10:00:32Zen
dc.identifier.urihttps://hdl.handle.net/10568/162022
dc.titleWeathering the storm:: Agricultural Development, investment, and poverty in Africa following the recent food price crisisen
dcterms.abstractAgriculture is crucial for development in Africa, as the majority of the population lives in rural areas and at least 70 percent of the workforce is engaged in agriculture. In many African countries, growth in agriculture is the most effective strategy for reducing poverty and promoting overall economic growth (Diao et al. 2007). The period covered in this report was in many ways a positive year for African agriculture. The G8 Summit, held in July 2009 in Italy, recognized the importance of agriculture for development and the critical need to increase financial and technical support to global agriculture and food security amid emerging challenges such as the global economic crisis. Leaders at the summit issued an official statement on global food insecurity and pledged to mobilize $20 billion to tackle the issue in the next three years. At the national level, dozens of African countries have pledged to implement the Comprehensive Africa Agriculture Development Programme (CAADP) of the New Partnership for Africa’s Development (NEPAD) and the African Union (AU). This African-led plan aims to stimulate agriculture on the continent to achieve the first Millennium Development Goal (MDG1) of halving poverty and hunger by 2015. To do so, countries are expected to pursue 6 percent average annual agriculture growth at the national level, allocate 10 percent of national budgets to the agricultural sector, and improve overall policy efficiency through peer-review and accountability.en
dcterms.accessRightsOpen Access
dcterms.bibliographicCitationOmilola, Babatunde; Lambert, Melissa. 2009. Weathering the storm:. ReSAKSS Annual Trends and Outlook Report. https://hdl.handle.net/10568/162022en
dcterms.extent36 p.en
dcterms.isPartOfReSAKSS Annual Trends and Outlook Reporten
dcterms.issued2009en
dcterms.languageen
dcterms.publisherInternational Food Policy Research Instituteen
dcterms.replaceshttps://ebrary.ifpri.org/digital/collection/p15738coll2/id/127178en
dcterms.subjectpovertyen
dcterms.subjectpublic expenditureen
dcterms.subjectagricultural developmenten
dcterms.subjectshocken
dcterms.subjectfood pricesen
dcterms.typeReport

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