Food Inflation in Sub-Saharan Africa

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Author :
Publisher : International Monetary Fund
ISBN 13 : 147556824X
Total Pages : 40 pages
Book Rating : 4.4/5 (755 download)

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Book Synopsis Food Inflation in Sub-Saharan Africa by : Mr.Emre Alper

Download or read book Food Inflation in Sub-Saharan Africa written by Mr.Emre Alper and published by International Monetary Fund. This book was released on 2017-01-18 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes food inflation trends in Sub-Saharan Africa (SSA) from 2000 to 2016 using two novel datasets of disaggregated CPI baskets. Average food inflation is higher, more volatile, and similarly persistent as non-food non-fuel (NF/NF) inflation, especially in low-income countries (LICs) in SSA. We find evidence that food inflation became less persistent from 2009 onwards, related to recent improvements in monetary policy frameworks. We also find that high food prices are driven mainly by non-tradable food in SSA and there is incomplete pass-through from world food and fuel prices and exchange rates to domestic food prices. Taken together, these finding suggest that central banks in low-income countries with high and persistent food inflation should continue to pay attention to headline inflation to anchor inflation expectations. Other policy levers include reducing tariffs and improving storage and transport infrastructure to reduce food pressures.

Staple Food Prices in Sub-Saharan Africa: An Empirical Assessment

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Author :
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 44 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis Staple Food Prices in Sub-Saharan Africa: An Empirical Assessment by : Cedric Okou

Download or read book Staple Food Prices in Sub-Saharan Africa: An Empirical Assessment written by Cedric Okou and published by International Monetary Fund. This book was released on 2022-07-08 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes the domestic and external drivers of local staple food prices in Sub-Saharan Africa. Using data on domestic market prices of the five most consumed staple foods from 15 countries, this paper finds that external factors drive food price inflation, but domestic factors can mitigate these vulnerabilities. On the external side, our estimations show that Sub-Saharan African countries are highly vulnerable to global food prices, with the pass-through from global to local food prices estimated close to unity for highly imported staples. On the domestic side, staple food price inflation is lower in countries with greater local production and among products with lower consumption shares. Additionally, adverse shocks such as natural disasters and wars bring 1.8 and 4 percent staple food price surges respectively beyond generalized price increases. Economic policy can lower food price inflation, as the strength of monetary policy and fiscal frameworks, the overall economic environment, and transport constraints in geographically challenged areas account for substantial cross-country differences in staple food prices.

On the Drivers of Inflation in Sub-Saharan Africa

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1513524801
Total Pages : 28 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis On the Drivers of Inflation in Sub-Saharan Africa by : Anh D. M. Nguyen

Download or read book On the Drivers of Inflation in Sub-Saharan Africa written by Anh D. M. Nguyen and published by International Monetary Fund. This book was released on 2015-08-05 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: The perception that inflation dynamics in Sub-Saharan Africa (SSA) are driven by supply shocks implies a limited role for monetary policy in influencing inflation in the short run. SSA’s rapid growth, its integration with the global economy, changes in the policy frameworks, among others, in the last decade suggest that the drivers of inflation may have changed. We quantitatively analyze inflation dynamics in SSA using a Global VAR model, which incorporates trade and financial linkages among economies, as well as the role of regional and global demand and inflationary spillovers. We find that in the past 25 years, the main drivers of inflation have been domestic supply shocks and shocks to exchange rate and monetary variables; but that, in recent years, the contribution of these shocks to inflation has fallen. Domestic demand pressures as well as global shocks, and particularly shocks to output, however, have played a larger role in driving inflation over the last decade. We also show that country characteristics matter—the extent of oil and food imports, vulnerability to weather shocks, economic importance of agriculture, trade openness and policy regime, among others, help in explaining the role of shocks.

Monetary Policy in Sub-Saharan Africa

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Author :
Publisher : Oxford University Press
ISBN 13 : 019108882X
Total Pages : 336 pages
Book Rating : 4.1/5 (91 download)

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Book Synopsis Monetary Policy in Sub-Saharan Africa by : Andrew Berg

Download or read book Monetary Policy in Sub-Saharan Africa written by Andrew Berg and published by Oxford University Press. This book was released on 2018-02-23 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: Low-income countries in sub-Saharan Africa present unique monetary policy challenges, from the high share of volatile food in consumption to underdeveloped financial markets; however most academic and policy work on monetary policy is aimed at much richer countries. Can economic models and methods invented for rich countries even be adapted and applied here? How does and should monetary policy work in sub-Saharan African? Monetary Policy in Sub-Saharan Africa answers these questions and provides practical tools and policy guidance to respond to the complex challenges of this region. Most countries in sub-Saharan Africa have made great progress in stabilizing inflation over the past two decades. As they have achieved a degree of basic macroeconomic stability, policymakers are looking to avoid policy misalignments and respond appropriately to shocks in order to achieve stability and growth. Officially, they often have adopted "money targeting" frameworks, a regime that has long disappeared from almost all advanced and even emerging-market discussions. In practice, though, they are in many cases finding current regimes lacking, with opaque and sometimes inconsistent objectives, inadequate transmission of policy to the economy, and difficulties in responding to supply shocks. Monetary Policy in Sub-Saharan Africa takes a new approach by applying dynamic general equilibrium models suitably adapted to reflect key features of low-income countries for the analysis of monetary policy in sub-Saharan African countries. Using a progressive approach derived from the International Monetary Fund's extensive practice and research, Monetary Policy in Sub-Saharan Africa seeks to address what we know about the empirics of monetary transmission in low-income countries, how monetary policy can work in countries characterized by underdeveloped financial markets and opaque policy regimes, and how we can use empirical and theoretical methods largely derived in advanced countries to answer these questions. It then uses these key topics to guide policymakers as they attempt to adjust food price, terms of trade, aid shocks, and the effects of the global financial crisis.

The Food and Financial Crises in Sub-Saharan Africa Origins, Impacts and Policy Implications

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Author :
Publisher : CABI
ISBN 13 : 9781845939144
Total Pages : 285 pages
Book Rating : 4.9/5 (391 download)

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Book Synopsis The Food and Financial Crises in Sub-Saharan Africa Origins, Impacts and Policy Implications by : M. B. Ndulo

Download or read book The Food and Financial Crises in Sub-Saharan Africa Origins, Impacts and Policy Implications written by M. B. Ndulo and published by CABI. This book was released on 2011 with total page 285 pages. Available in PDF, EPUB and Kindle. Book excerpt: Dramatic increases in food prices, as witnessed on a global scale in recent years, threaten the food security of hundreds of millions of the rural poor in Sub-Saharan Africa alone. This book focuses on recent food and financial crises as they have affected Africa, illustrating the problems using country case studies, that cover their origins, effects on agriculture and rural poverty, their underlying factors and making recommendations as to how such crises could best be addressed in the future.

Global Supply Chain Disruptions: Challenges for Inflation and Monetary Policy in Sub-Saharan Africa

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Author :
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 41 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis Global Supply Chain Disruptions: Challenges for Inflation and Monetary Policy in Sub-Saharan Africa by : Zo Andriantomanga

Download or read book Global Supply Chain Disruptions: Challenges for Inflation and Monetary Policy in Sub-Saharan Africa written by Zo Andriantomanga and published by International Monetary Fund. This book was released on 2023-02-24 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Covid-19 pandemic has led to a large disruption of global supply chains. This paper studies the implications of supply chain disruptions for inflation and monetary policy in sub-Saharan Africa. Increases in supply chain pressures have had a sizeable impact on headline, food, and tradable inflation for a panel of 29 sub-Saharan African countries from 2000 to 2022. Our findings suggest that central banks can stabilize inflation and output more efficiently by monitoring global supply chains and adjusting the monetary policy stance before the disruptions have fully passed through into all inflation components. The gains from monitoring supply chain disruptions are particularly large for open economies which tend to experience outsized second-round effects on the prices of non-tradable goods and services.

Food Insecurity in Sub-Saharan Africa

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Author :
Publisher : Intl Food Policy Res Inst
ISBN 13 : 0896291502
Total Pages : 134 pages
Book Rating : 4.8/5 (962 download)

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Book Synopsis Food Insecurity in Sub-Saharan Africa by : Lisa C. Smith

Download or read book Food Insecurity in Sub-Saharan Africa written by Lisa C. Smith and published by Intl Food Policy Res Inst. This book was released on 2006 with total page 134 pages. Available in PDF, EPUB and Kindle. Book excerpt: In addressing the pervasive problem of hunger in the developing world, reliable information on food insecurity is essential for effectively targeting assistance, developing interventions, and evaluating progress. Yet arriving at an accurate and comparable measure of food insecurity remains a challenge. This report introduces new estimates of food insecurity based on food acquisition data collected as part of national household expenditure surveys (HESs). The report explores the extent and location of food insecurity, the scientific merit of estimates derived from HES food data, the differences between HES-based estimates and those reported by the Food and Agriculture Organization of the United Nations (FAO), and-ultimately-how HES data can be used to improve the accuracy of the FAO estimates currently used to monitor progress toward reducing hunger

Food Security in Sub-Saharan Africa

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Author :
Publisher : ITDG Publishing
ISBN 13 :
Total Pages : 376 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Food Security in Sub-Saharan Africa by : Stephen Devereux

Download or read book Food Security in Sub-Saharan Africa written by Stephen Devereux and published by ITDG Publishing. This book was released on 2001 with total page 376 pages. Available in PDF, EPUB and Kindle. Book excerpt: Most contributions reflect an evolution of thinking during the 1990s.

Food Systems in Africa

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Author :
Publisher : World Bank Publications
ISBN 13 : 1464815895
Total Pages : 166 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis Food Systems in Africa by : Gaëlle Balineau

Download or read book Food Systems in Africa written by Gaëlle Balineau and published by World Bank Publications. This book was released on 2021-01-11 with total page 166 pages. Available in PDF, EPUB and Kindle. Book excerpt: Rapid population growth, poorly planned urbanization, and evolving agricultural production and distribution practices are changing foodways in African cities and creating challenges: Africans are increasingly facing hunger, undernutrition, and malnutrition. Yet change also creates new opportunities. The food economy currently is the main source of jobs on the continent, promising more employment in the near future in farming, food processing, and food product distribution. These opportunities are undermined, however, by inefficient links among farmers, intermediaries, and consumers, leading to the loss of one-third of all food produced. This volume is an in-depth analysis of food system shortcomings in three West African cities: Abidjan, Côte d’Ivoire; Rabat, Morocco; and Niamey, Niger. Using the lens of geographical economics and sociology, the authors draw on quantitative and qualitative field surveys and case studies to offer insightful analyses of political institutions. They show the importance of “hard†? physical infrastructure, such as transport, storage, and wholesale and retail market facilities. They also describe the “soft†? infrastructure of institutions that facilitate trade, such as interpersonal trust, market information systems, and business climates. The authors find that the vague mandates and limited capacities of national trade and agriculture ministries, regional and urban authorities, neighborhood councils, and market cooperatives often hamper policy interventions. This volume comes to a simple conclusion: international development policy makers and their financial and technical partners have neglected urban markets for far too long, and now is the time to rethink and reinvest in this complex yet crucial subject.

Unbearable Costs: When Is Inflation Impeding Job Creation? Evidence from Sub-Saharan Africa

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Author :
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 32 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis Unbearable Costs: When Is Inflation Impeding Job Creation? Evidence from Sub-Saharan Africa by : Ibrahima Camara

Download or read book Unbearable Costs: When Is Inflation Impeding Job Creation? Evidence from Sub-Saharan Africa written by Ibrahima Camara and published by International Monetary Fund. This book was released on 2023-03-03 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: Covid-19 and war-induced commodity price fluctuations, and broadening price pressures have led to a surge in inflation in many sub-Saharan Africa (SSA) countries. To adjust to increasing costs, firms have resorted to several measures including shuttering offices, reducing businesses, laying off, and freezing hiring, thus putting at risk job creation and raising concerns of youth unemployment. This paper explores the effects of inflation on private employment growth in SSA using a large firm -level dataset from the World Bank’s Enterprise Surveys. We find a non-linear relationship between inflation and job creation in SSA, with job creation being negatively correlated with inflation rate when the latter is above 14 percent. This finding holds regardless of the sector of activities of firms and the exchange rate regime. In addition, the paper finds some differential effects based on the type of products. An increase in fuel prices tends to be more detrimental to job creation than food prices. The study also provides evidence that the state of implementation of structural reforms matters. The results show that inflation reduces job opportunities mostly in countries with bad or no structural reforms.

Climate Change and Chronic Food Insecurity in Sub-Saharan Africa

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Author :
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 48 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis Climate Change and Chronic Food Insecurity in Sub-Saharan Africa by : Diogo Miguel Salgado Baptista

Download or read book Climate Change and Chronic Food Insecurity in Sub-Saharan Africa written by Diogo Miguel Salgado Baptista and published by International Monetary Fund. This book was released on 2022-09-15 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: Climate change is intensifying food insecurity across sub-Saharan Africa (SSA) with lasting adverse macroeconomic effects, especially on economic growth and poverty. Successive shocks from the war in Ukraine and COVID-19 pandemic have increased food prices and depressed incomes, raising the number of people suffering from high malnutrition and unable to meet basic food consumption needs by at least 30 percent to 123 million in 2022 or 12 percent of SSA’s population. Addressing the lack of resilience to climate change—that critically underlies food insecurity in SSA—will require careful policy prioritization against a backdrop of financing and capacity constraints. This paper presents some key considerations and examples of tradeoffs and complementarities across policies to address food insecurity. Key findings include (1) Fiscal policies focused on social assistance and efficient public infrastructure investment can improve poorer households’ access to affordable food, facilitate expansion of climate-resilient and green agricultural production, and support quicker recovery from adverse climate events; (2) Improving access to finance is key to stepping up private investment in agricultural resilience and productivity as well as improving the earning capacity and food purchasing power of poorer rural and urban households; and (3) Greater regional trade integration, complemented with resilient transport infrastructure, enables sales of one country’s bumper harvests to its neighbors’ facing shortages. The international community can help with financial assistance—especially for the above-mentioned social assistance and key infrastructure areas—capacity development, and facilitating transfers of technology and know-how.

Food Policy in Sub-Saharan Africa

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Author :
Publisher : Hyperion Books
ISBN 13 :
Total Pages : 132 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Food Policy in Sub-Saharan Africa by :

Download or read book Food Policy in Sub-Saharan Africa written by and published by Hyperion Books. This book was released on 1994 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt: Chapters collected in this book were all delivered at an NRI/IFPRI symposium on critical food policy issues for sub- Saharan Africa held in 1993. The symposium brought together specialists on food policy from a number of organizations to discuss current research, future research agendas and policy issues and decisions. The main issues arising from discussions were how individuals respond to incentives, the effects of technology and technology policy, the fiscal crisis of the sub- Saharan African state and its effect on agriculture, and the search for effective means to support civil society.

Africa Can Help Feed Africa

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Author :
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 106 pages
Book Rating : 4./5 ( download)

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Book Synopsis Africa Can Help Feed Africa by : The World Bank

Download or read book Africa Can Help Feed Africa written by The World Bank and published by World Bank Publications. This book was released on 2012 with total page 106 pages. Available in PDF, EPUB and Kindle. Book excerpt: The rise in global food prices and the ever-growing food import bill have prompted sharp attention on agricultural policies in Africa. African policy makers are grappling with what unstable food prices mean for their countries; how these price movements will affect their food security situation; how the private sector is likely to respond; and what governments themselves can do. In addition, they fear that global warming may significantly change the location of food production within Africa. This report discusses how opening up cross-border trade will boost the potential for greater food production in Africa and contribute to food security by improving poor people’s access to food and by increasing returns to poor farmers for the food they produce.

Market-oriented Strategies to Improve Household Access to Food

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Author :
Publisher :
ISBN 13 :
Total Pages : 84 pages
Book Rating : 4.:/5 (5 download)

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Book Synopsis Market-oriented Strategies to Improve Household Access to Food by :

Download or read book Market-oriented Strategies to Improve Household Access to Food written by and published by . This book was released on 1994 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Food Security Policy in Africa Between Disaster Relief and Structural Adjustment

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Author :
Publisher : Routledge
ISBN 13 : 1135207690
Total Pages : 260 pages
Book Rating : 4.1/5 (352 download)

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Book Synopsis Food Security Policy in Africa Between Disaster Relief and Structural Adjustment by : Gabriele Geier

Download or read book Food Security Policy in Africa Between Disaster Relief and Structural Adjustment written by Gabriele Geier and published by Routledge. This book was released on 2014-04-08 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: According to the FAO, one person in three in sub-Saharan Africa suffers from malnutrition, and one in seven is in danger of dying. Most African countries no longer seem capable of ensuring that their people have access to sufficient food. Given the failure of past efforts the objectives of food security policies and their effectiveness have to be reconsidered. This book shows that the debate on food security policies has changed with the passage of time. The entitlement debate triggered by A. Sen had a major influence on this change but, the bearing of socio-economic structures on the food security of African households and their individual members are still not fully recognised.

The Balance of Payments Impact of the Food and Fuel Price Shocks on Low-Income African Countries

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498334458
Total Pages : 23 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis The Balance of Payments Impact of the Food and Fuel Price Shocks on Low-Income African Countries by : International Monetary Fund

Download or read book The Balance of Payments Impact of the Food and Fuel Price Shocks on Low-Income African Countries written by International Monetary Fund and published by International Monetary Fund. This book was released on 2008-06-30 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: This note discusses the implications of the price shocks for the balance of payments of low-income countries in sub-Saharan Africa. The response by bilateral donors and multilateral institutions will, in practice, need to be country-specific. To this end, the note identifies a list of 18 countries in the region that are especially hard-hit and that consequently face a pressing need for additional balance of payments and budget support. The list reflects country circumstances and underlying assumptions as of May, and is subject to change; it is not meant to be definitive.

Food in Sub-Saharan Africa

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Author :
Publisher : Lynne Rienner Pub
ISBN 13 : 9780931477591
Total Pages : 410 pages
Book Rating : 4.4/5 (775 download)

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Book Synopsis Food in Sub-Saharan Africa by : Art Hansen

Download or read book Food in Sub-Saharan Africa written by Art Hansen and published by Lynne Rienner Pub. This book was released on 1986-01 with total page 410 pages. Available in PDF, EPUB and Kindle. Book excerpt: