Facing Financial Crisis: The imperative of regional Action for Agriculture in Africa
African farmers could produce more food staples and livestock products for domestic and regional markets if they had better regional infrastructure and food trade barriers were reduced. Natural resource management and defense against plant and animal epidemics also requires trans-boundary collective action.
The slow pace of regional integration, persistent under-funding of regional and sub-regional organizations and inadequate cross-border infrastructure prevent a more effective African crisis response. Regional operations are still limited by political will and lack of effective instruments to support them. Regional action for agriculture could help Africa recover from the financial crisis more quickly and help in seizing post-crisis opportunities.
The paper summarizes arguments for a stronger regional focus with respect to agriculture and rural development. It reviews successes and problems of regional operations by the African Development Bank and IFAD.
It argues that developing and financing a range of important regional public goods for agriculture, from regional markets to trans-national infrastructure, from plant and animal disease protection to natural resource management, could go a long way for farmers to seize post-crisis growth and development opportunities. Donors such as AfDB and IFAD need to develop their regional capacities and streamlined financing and implementation mechanisms independent of individual country borrowing decisions.
Useful Links
Documents
AEC 2009-Concept Note (35 KB)
Development Research Briefs - Africa: Africa’s Counter Cyclical Policy Responses to the Crisis (322 KB)
Africa and the Global Economic Crisis: Strategies for Preserving the Foundations of Long-term Growth (223 KB)
Working Paper 96 - Impact of the Global Economic and Financial Crisis on Africa (2.7 MB)
The African Development Bank Group Response to the Economic Impact of the Financial Crisis (408 KB)
Financial Crisis-Making Africa's Voice Heard-Donald Kaberuka-"The Banker" (103 KB)
Working Paper 97 - Soaring Food Prices and Africa's Vulnerability and Responses: An Update (840 KB)
Policy Briefs on the Financial Crisis-Africa and the Financial Crisis: An Agenda for Action (437 KB)
Policy Briefs on Financial Crisis-The Financial Crisis and Access to Financing (297 KB)
Policy Briefs on the Financial Crisis-The Financial Crisis, Trade and Regional Integration in Africa (414 KB)
Policy Briefs on the Financial Crisis-The Global Financial Crisis and Fragile States in Africa (357 KB)
Policy Briefs on the Financial Crisis-What the G20 can do on trade that can benefit Africa? (421 KB)
Policy Briefs on the Financial Crisis-Trade, Investment and Domestic Resource Mobilization (567 KB)
Policy Briefs on the Financial Crisis-Africa's Voice, Representation and Effectiveness Participation (320 KB)
42 - Global Financial Crisis: Implications and Lessons for Africa (101 KB)


