Rising food prices present a very real threat to ongoing efforts to combat poverty and hunger in southern Africa. However, this brief produced by the Regional Hunger & Vulnerability Programme (RHVP), argues that this is not necessarily the full picture.
Malawi has experienced several catastrophic droughts over the past few decades. The impact of these shocks has been far reaching, and the resulting macroeconomic instability has been a major constraint to growth and poverty reduction in Malawi.
In order to provide a response to the effects of the 2008 food crisis, a Regulation establishing the so called "Food Facility" was adopted by the European Parliament and the Council in December 2008. This new instrument provides for € 1 billion funding.