Why food systems should be financed as critical infrastructure
If food systems resilience is recognised as a building block of macroeconomic stability and security, the financing will follow.
- Climate Action
- finance
- food systems
- resilience
Why food systems should be financed as critical infrastructure
If food systems resilience is recognised as a building block of macroeconomic stability and security, the financing will follow.
When transit through the Strait of Hormuz plummeted by over 90% within days, the damage went far beyond shipping. What began as a geopolitical shock now risks cascading through food systems.
The simultaneous occurrence of shocks is becoming more frequent and severe. Over the last two decades the world has lurched from crisis to crisis, with global food price shocks in 2007-8 and 2010-11, the Covid-19 pandemic, conflicts in Ukraine and the Middle East, and recurrent climate shocks. The latest, the third strong El Niño in little more than a decade, is putting harvests at risk across much of Africa, Asia and Latin America. Different triggers, all undermining food systems resilience.