Analysis: Agriculture and Food Systems in Latin America and the Caribbean Poised for Transformational Changes
As agriculture and food systems across Latin America and the Caribbean (LAC) try to recover from the impacts of the COVID-19 pandemic, policy makers must act to unleash the sector’s vast potential to drive sustainable and inclusive growth for decades to come, according to a new World Bank report.
The agricultural sector in LAC plays a vital role in producing food and ecosystem services that benefit not only the region but the entire planet. Today, millions of farmers and livestock keepers throughout the region struggle to overcome the impacts of a global health crisis, an economic slowdown, unprecedented weather shocks, and a crippling migrant crisis. Reforms are needed for the sector to play an even more important role in supporting the region’s recovery from the Covid-19 crisis, the elimination of extreme poverty and the promotion of shared prosperity, according to Future Foodscapes: Re-imagining Agriculture in Latin America and the Caribbean.
Photo courtesy of International Maize and Wheat Improvement.
Source: MarketScreener (link opens in a new window)