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    • Opinion
    • Food Secured

    Opinion: Restructuring our debt will help us fight the food crisis

    Despite soaring food insecurity, funding needed to transform food systems is still not being released or invested where it is most needed. The World Bank must step up, writes Sierra Leone President Julius Maada Bio.

    By Julius Maada Wonie Bio // 02 May 2023

    Concessional loans from the World Bank offered at lower rates are a concrete step the institution can take to support countries like mine, Sierra Leone, to restructure our debt and fight the effect of the climate crisis on our food systems. To detractors who fear this would lose the bank its AAA rating, I say: If our food systems collapse, what good is a credit rating?

    Farmers know that a number of things have to go right to get a good harvest. They must get access to arable land and enough of the best quality seeds and fertilizers, protect their crops against pests and diseases, and pray for the right weather throughout the growing season.

    But for political leaders like me, this list of essentials is even greater. For Sierra Leone, our agricultural food systems are the beating heart of our economy and communities — beyond even nourishing our people. For these systems to thrive, we also need investment in agriculture-related innovation, infrastructure, information, value-addition, and market access.

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    Read more:

    ► AfDB head: To tackle climate, Africa needs 'finance and more finance'

    ► School feeding investment in Africa remains low despite high returns

    ► New fund aims to unlock private investment for adaptation, agriculture (Pro)

    • Banking & Finance
    • Environment & Natural Resources
    • Funding
    • Institutional Development
    • Agriculture & Rural Development
    • World Bank
    • Sierra Leone
    Printing articles to share with others is a breach of our terms and conditions and copyright policy. Please use the sharing options on the left side of the article. Devex Pro members may share up to 10 articles per month using the Pro share tool ( ).
    The views in this opinion piece do not necessarily reflect Devex's editorial views.

    About the author

    • Julius Maada Wonie Bio

      Julius Maada Wonie Bio

      Julius Maada Wonie Bio is the current and fifth president of the Republic of Sierra Leone.

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