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Author: Hirvonen, Kalle
Publisher: Intl Food Policy Res Inst
ISBN:
Category : Political Science
Languages : en
Pages : 10
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Book Description
The COVID-19 pandemic and the economic policy measures taken to prevent its spread led to a global recession in 2020 that was expected to cause significant increases in poverty and food insecurity in many countries. Households were expected to experience a “double whammy” of decreased incomes and rising food prices. This policy note examines whether food prices rose in Rwanda since the COVID-19 pandemic began in early 2020. The main findings from this price analysis suggest the following. • Food prices did not significantly rise (or fall) during the COVID-19 pandemic in Rwanda. • Prices of staple foods (cereals and other starches) declined following the pandemic’s onset in March 2020, while the prices of pulses (the second largest food consumption group in Rwanda after staple foods) experienced a seasonal spike at the end of 2021, but returned to below pre-pandemic levels throughout 2021. • For most food groups, price trends in each province generally followed the national price trends during the pandemic, with the exception of poultry and eggs. • Nationally, prices of poultry and eggs declined after the beginning of the pandemic, but these prices vary significantly by province, with prices in the Northern Province remaining above pre-pandemic levels and prices in all other provinces falling since the pandemic, with prices in Kigali City falling the most. Overall, these results suggest that households in Rwanda were not hit by the “double whammy” of decreased incomes and rising food prices, since food prices remained stable Rather, they may instead have only suffered from decreased incomes. These findings suggest that continued efforts to expand Rwanda’s social protection programs are needed to boost household purchasing power and ensure that households are able to consume more – and more nutritious – foods.
Author: Hirvonen, Kalle
Publisher: Intl Food Policy Res Inst
ISBN:
Category : Political Science
Languages : en
Pages : 10
Get Book Here
Book Description
The COVID-19 pandemic and the economic policy measures taken to prevent its spread led to a global recession in 2020 that was expected to cause significant increases in poverty and food insecurity in many countries. Households were expected to experience a “double whammy” of decreased incomes and rising food prices. This policy note examines whether food prices rose in Rwanda since the COVID-19 pandemic began in early 2020. The main findings from this price analysis suggest the following. • Food prices did not significantly rise (or fall) during the COVID-19 pandemic in Rwanda. • Prices of staple foods (cereals and other starches) declined following the pandemic’s onset in March 2020, while the prices of pulses (the second largest food consumption group in Rwanda after staple foods) experienced a seasonal spike at the end of 2021, but returned to below pre-pandemic levels throughout 2021. • For most food groups, price trends in each province generally followed the national price trends during the pandemic, with the exception of poultry and eggs. • Nationally, prices of poultry and eggs declined after the beginning of the pandemic, but these prices vary significantly by province, with prices in the Northern Province remaining above pre-pandemic levels and prices in all other provinces falling since the pandemic, with prices in Kigali City falling the most. Overall, these results suggest that households in Rwanda were not hit by the “double whammy” of decreased incomes and rising food prices, since food prices remained stable Rather, they may instead have only suffered from decreased incomes. These findings suggest that continued efforts to expand Rwanda’s social protection programs are needed to boost household purchasing power and ensure that households are able to consume more – and more nutritious – foods.
Author: National Intelligence Council
Publisher: Cosimo Reports
ISBN: 9781646794973
Category :
Languages : en
Pages : 158
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Book Description
"The ongoing COVID-19 pandemic marks the most significant, singular global disruption since World War II, with health, economic, political, and security implications that will ripple for years to come." -Global Trends 2040 (2021) Global Trends 2040-A More Contested World (2021), released by the US National Intelligence Council, is the latest report in its series of reports starting in 1997 about megatrends and the world's future. This report, strongly influenced by the COVID-19 pandemic, paints a bleak picture of the future and describes a contested, fragmented and turbulent world. It specifically discusses the four main trends that will shape tomorrow's world: - Demographics-by 2040, 1.4 billion people will be added mostly in Africa and South Asia. - Economics-increased government debt and concentrated economic power will escalate problems for the poor and middleclass. - Climate-a hotter world will increase water, food, and health insecurity. - Technology-the emergence of new technologies could both solve and cause problems for human life. Students of trends, policymakers, entrepreneurs, academics, journalists and anyone eager for a glimpse into the next decades, will find this report, with colored graphs, essential reading.
Author: El Bachir Boukherouaa
Publisher: International Monetary Fund
ISBN: 1589063953
Category : Business & Economics
Languages : en
Pages : 35
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Book Description
This paper discusses the impact of the rapid adoption of artificial intelligence (AI) and machine learning (ML) in the financial sector. It highlights the benefits these technologies bring in terms of financial deepening and efficiency, while raising concerns about its potential in widening the digital divide between advanced and developing economies. The paper advances the discussion on the impact of this technology by distilling and categorizing the unique risks that it could pose to the integrity and stability of the financial system, policy challenges, and potential regulatory approaches. The evolving nature of this technology and its application in finance means that the full extent of its strengths and weaknesses is yet to be fully understood. Given the risk of unexpected pitfalls, countries will need to strengthen prudential oversight.
Author: Mr. Kangni R Kpodar
Publisher: International Monetary Fund
ISBN: 1616356154
Category : Business & Economics
Languages : en
Pages : 34
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Book Description
This paper investigates the response of consumer price inflation to changes in domestic fuel prices, looking at the different categories of the overall consumer price index (CPI). We then combine household survey data with the CPI components to construct a CPI index for the poorest and richest income quintiles with the view to assess the distributional impact of the pass-through. To undertake this analysis, the paper provides an update to the Global Monthly Retail Fuel Price Database, expanding the product coverage to premium and regular fuels, the time dimension to December 2020, and the sample to 190 countries. Three key findings stand out. First, the response of inflation to gasoline price shocks is smaller, but more persistent and broad-based in developing economies than in advanced economies. Second, we show that past studies using crude oil prices instead of retail fuel prices to estimate the pass-through to inflation significantly underestimate it. Third, while the purchasing power of all households declines as fuel prices increase, the distributional impact is progressive. But the progressivity phases out within 6 months after the shock in advanced economies, whereas it persists beyond a year in developing countries.
Author: Laure Redifer
Publisher:
ISBN: 9781513551371
Category :
Languages : en
Pages : 119
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Book Description
This paper explores some of the key factors behind Rwanda key successes, including unique institution-building that emphasized governance and ownership; aid-fueled and government-led strategic investment in people, infrastructure, and high-yield economic activity;re-establishment and expansion of a domestic tax base; policies to reduce aid dependency by attracting private investment and bolstering exports; and a purposeful strategy to harness the economic power of gender inclusion.
Author: Food and Agriculture Organization of the United Nations
Publisher: Food & Agriculture Org.
ISBN: 9251346089
Category : Political Science
Languages : en
Pages : 337
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Book Description
The Agricultural Outlook 2021-2030 is a collaborative effort of the Organisation for Economic Co-operation and Development (OECD) and the Food and Agriculture Organization (FAO) of the United Nations. It brings together the commodity, policy and country expertise of both organisations as well as input from collaborating member countries to provide an annual assessment of the prospects for the coming decade of national, regional and global agricultural commodity markets. The publication consists of 11 Chapters; Chapter 1 covers agricultural and food markets; Chapter 2 provides regional outlooks and the remaining chapters are dedicated to individual commodities.
Author: OECD
Publisher: OECD Publishing
ISBN: 9264446230
Category :
Languages : en
Pages : 140
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Book Description
The impact of COVID-19 on local jobs and workers dwarfs those of the 2008 global financial crisis. The 2020 edition of Job Creation and Local Economic Development considers the short-term impacts on local labour markets as well as the longer-term implications for local development.
Author: Ms.Ratna Sahay
Publisher: International Monetary Fund
ISBN: 1513512242
Category : Business & Economics
Languages : en
Pages : 83
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Book Description
Technology is changing the landscape of the financial sector, increasing access to financial services in profound ways. These changes have been in motion for several years, affecting nearly all countries in the world. During the COVID-19 pandemic, technology has created new opportunities for digital financial services to accelerate and enhance financial inclusion, amid social distancing and containment measures. At the same time, the risks emerging prior to COVID-19, as digital financial services developed, are becoming even more relevant.
Author: Food and Agriculture Organization of the United Nations
Publisher: Food & Agriculture Org.
ISBN: 925132901X
Category : Political Science
Languages : en
Pages : 320
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Book Description
Updates for many countries have made it possible to estimate hunger in the world with greater accuracy this year. In particular, newly accessible data enabled the revision of the entire series of undernourishment estimates for China back to 2000, resulting in a substantial downward shift of the series of the number of undernourished in the world. Nevertheless, the revision confirms the trend reported in past editions: the number of people affected by hunger globally has been slowly on the rise since 2014. The report also shows that the burden of malnutrition in all its forms continues to be a challenge. There has been some progress for child stunting, low birthweight and exclusive breastfeeding, but at a pace that is still too slow. Childhood overweight is not improving and adult obesity is on the rise in all regions. The report complements the usual assessment of food security and nutrition with projections of what the world may look like in 2030, if trends of the last decade continue. Projections show that the world is not on track to achieve Zero Hunger by 2030 and, despite some progress, most indicators are also not on track to meet global nutrition targets. The food security and nutritional status of the most vulnerable population groups is likely to deteriorate further due to the health and socio economic impacts of the COVID-19 pandemic. The report puts a spotlight on diet quality as a critical link between food security and nutrition. Meeting SDG 2 targets will only be possible if people have enough food to eat and if what they are eating is nutritious and affordable. The report also introduces new analysis of the cost and affordability of healthy diets around the world, by region and in different development contexts. It presents valuations of the health and climate-change costs associated with current food consumption patterns, as well as the potential cost savings if food consumption patterns were to shift towards healthy diets that include sustainability considerations. The report then concludes with a discussion of the policies and strategies to transform food systems to ensure affordable healthy diets, as part of the required efforts to end both hunger and all forms of malnutrition.
Author: OECD
Publisher: OECD Publishing
ISBN: 9264700617
Category :
Languages : en
Pages : 336
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Book Description
The OECD Economic Outlook is the OECD's twice-yearly analysis of the major economic trends and prospects for the next two years. This issue includes a general assessment of the macroeconomic situation, a series of notes on the macroeconomic and structural policy issues related to the COVID-19 outbreak and a chapter summarising developments and providing projections for each individual country.
