Managing food security risks and intra-regional trade in Africa: Policy Brief
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The key messages of the brief are as follows (i) Increased intra-regional trade in food staples can play a significant role in reducing domestic food price volatility. (ii) Significant efforts need to be made to increase the confidence of governments to place greater reliance on market based instruments at the same time as ensuring that food security objectives are met, and to convince private sector stakeholders that such change is credible and will be sustained. (iii) Strengthening evidence on the merits of market based instruments, facilitating improved dialogue and supporting public-private partnerships for investment in transport and communication infrastructure to reduce transport costs and improve access to information, strengthening regulatory frameworks to promote competitiveness, and developing the capacity of involved stakeholders to advocate for policy interventions conducive to market and intra-regional trade development, are imperative.