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Fortune
Fortune
Joyce Banda

Malawi’s former president: ‘Africa’s food systems are in danger of failing due to high debt and climate change. A new financial pact can reverse this’

(Credit: AMOS GUMULIRA - AFP - Getty Images)

Agriculture is the cornerstone of African communities and economies. Not only is the majority of the continent’s working population employed in the sector, but just under a quarter of sub-Saharan Africa’s GDP is generated by the work of its farmers. Yet, climate change is now undermining what progress has been made across the continent in the last few decades–with hunger, malnutrition, and poverty all on the rise.

Amidst these challenges, the significant debt servicing obligations that African countries face mean that investment into our food systems is limited or impossible to fund, with the International Monetary Fund recently warning that sub-Saharan African economies are increasingly facing a “big funding squeeze.”

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