IMF raises concerns about food security in Nigeria, other sub-Saharan African countries

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The IMF says food insecurity should be policy priority for African governments..............................

, African Department, Abebe Selassie, says tackling food insecurity should be the first policy priority for governments in Sub-Saharan Africa .

“In fact, 19 of the region’s 35 low-income countries are now in debt distress or at high risk of distress, and inflation rates are in double digits for 40 per cent of the region’s economies.” In addition, he said the region’s prosperity would require high-quality growth, so policies must also set the stage for a sustainable recovery.“The first priority is to tackle food insecurity, protecting the most vulnerable with a focus on channelling scarce resources to those who need them the most.

Mr Selassie said lastly, policymakers should continue setting the stage for high-quality growth, in the context of accelerating climate change. “More is needed, and as we look forward to the forthcoming UN Climate Change Conference in Egypt , it should be noted that increased support including more concessional finance is necessary.“This is for SSA to pursue a low-carbon and climate-resilient growth path.”

 

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