{"id":468011,"date":"2020-06-08T22:21:23","date_gmt":"2020-06-08T21:21:23","guid":{"rendered":"https:\/\/www.kapitalafrik.com\/?p=468011"},"modified":"2020-06-08T22:21:23","modified_gmt":"2020-06-08T21:21:23","slug":"african-development-bank-unveils-strategy-roadmap-to-safeguard-food-security-against-impacts-of-covid-19","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2020\/06\/08\/african-development-bank-unveils-strategy-roadmap-to-safeguard-food-security-against-impacts-of-covid-19\/","title":{"rendered":"African Development Bank unveils strategy roadmap to safeguard food security against impacts of COVID-19"},"content":{"rendered":"
<\/div>

The African Development Bank has unveiled a strategic roadmap of projects and programmes to\u00a0assist African countries in tackling the nutrition and food security aspects of the COVID-19 crisis through a raft of immediate and longer-term measures.<\/span><\/p>\n

The Feed Africa Response to COVID-19 (FAREC)\u00a0<\/span>paves the way for a comprehensive intervention to build resilience, sustainability and regional self-sufficiency in Africa\u2019s food systems and help farmers cope with coronavirus-related disruptions to the agricultural value chain.<\/span><\/p>\n

\u201cThe Bank\u2019s response to support the agriculture sector lays out specific measures aimed at addressing challenges faced by African countries across all aspects of the agriculture sector. Africa cannot afford a food crisis in the wake of the COVID-19 pandemic,\u201d said Dr. Jennifer Blanke, the Bank\u2019s\u00a0Vice President for Agriculture, Human and Social Development.<\/p>\n

A report released alongside the roadmap recommends immediate, short- and medium-term solutions for the agriculture sector including;\u00a0<\/span>support\u00a0of\u00a0food delivery for the most vulnerable;\u00a0stabilization of food prices; optimization of food processing; extension support services, and provision of key agricultural inputs through smart subsidies.<\/span><\/p>\n

According to the report, the Bank will prioritize policy support to enhance movement of inputs and food, to establish food security task forces in countries, and to strengthen the capacity of regional organisations to monitor multi-country initiatives.\u00a0<\/span><\/p>\n

The pandemic has worsened volatility in the price of food staples and complicated food system actors\u2019 investment decision-making. The confluence of impacts risks deepening food insecurity and malnutrition. According to the World Food Programme, over 40 million West Africans face food shortages in the coming months.<\/span><\/p>\n

FAREC forms one part of the Bank\u2019s\u00a0<\/span>COVID-19 Response Facility (CRF) of up to $10 billion. The CRF is the Bank\u2019s primary channel\u00a0<\/span>to deploy financial and technical measures to cushion African economies and livelihoods\u00a0against the health, social and economic impacts of the pandemic.<\/span><\/p>\n

In May, the Bank\u2019s African Development Institute, its\u00a0<\/span>focal point for capacity development, hosted a seminar that examined the pandemic\u2019s impacts on Africa\u2019s agri-food systems and offered \u00a0policy recommendations to make them more resilient and efficient.<\/p>\n

<\/a>\u201cEnsuring food security for Africans in all situations is at the core of the Bank\u2019s Feed Africa Strategy. Our institution will coordinate its efforts with different stakeholders across the continent to effectively answer the needs of regional member countries,\u201d said\u00a0<\/span>Dr. Martin Fregene, Director of the Bank\u2019s Agriculture and Agro-industry Department<\/span>.<\/span><\/p>\n

<\/div>","protected":false},"excerpt":{"rendered":"

The African Development Bank has unveiled a strategic roadmap of projects and programmes to\u00a0assist African countries in tackling the nutrition and food security aspects of the COVID-19 crisis through a raft of immediate and longer-term measures. The Feed Africa Response to COVID-19 (FAREC)\u00a0paves the way for a comprehensive intervention to build resilience, sustainability and regional<\/p>\n","protected":false},"author":536282,"featured_media":468020,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[12000,12065],"tags":[13039],"class_list":["post-468011","post","type-post","status-publish","format-aside","has-post-thumbnail","category-banks-insurance","category-press-releases","tag-african-development-bank","post_format-post-format-aside","pmpro-has-access"],"yoast_head":"\nAfrican Development Bank unveils strategy roadmap to safeguard food security against impacts of COVID-19 - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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