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Responsible investment and COVID-19: Addressing impacts, risks and responsible business conduct in agricultural value chains











FAO. 2020. Responsible investment and COVID-19: Addressing impacts, risks and responsible business conduct in agricultural value chains. Rome. 




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    This policy brief summarizes the findings from a global survey on the impacts of the coronavirus (COVID-19) outbreak on wood value chains and recovery measures from the forest sector. The survey received responses from 237 stakeholders registered in the Sustainable Wood for a Sustainable World (SW4SW) network, representing all segments of wood value chains. The survey was administered for two weeks (3–15 June 2020) and the results presented here cover impacts during the reference period of February to June 2020. Based on the survey results, initial policy recommendations are formulated for current challenges and future perspectives involving wood value chains in the post-COVID-19 environment.
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    The impact of the COVID-19 pandemic will vary for different groups of rural population, with the highest impact expected to be on farmers and other vulnerable groups, especially women and youth. Targeted support is feasible only by activating a network of actors or organizations within agricultural innovation systems (AIS) and promoting customized technologies and practices suitable for location specific contexts. AIS actors include experts engaged in agricultural education, research (public and private), business enterprises (agricultural value chain actors, agricultural marketing committees, regulated markets, input suppliers, procurement arrangements), formal and informal bridging institutions (public extension and advisory services, farmers organizations, private extension agents, commodity groups etc.,) and enabling the environment (government policies and programmes to respond to COVID-19 pandemic). AIS actors can readily access technologies and practices from existing knowledge portals, guidelines and manuals available at national and/or global levels and quickly adapt to local contexts to improve the effectiveness of their response. This brief illustrates the extensive repository of good practices and technologies provided by FAO as part of its online knowledge portals. These practices and technologies can be easily adopted to respond to the needs of the smallholders, rural youth and women affected by lockdown due to the COVID-19 pandemic, improve their food security and create income-generating opportunities. They have been applied and tested on the ground and packaged for the benefit of various AIS actors.
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    The rapid escalation of the COVID-19 pandemic highlighted structural problems with Libyan food and agriculture value chains. Nine years of protracted conflict weakened Libya’s agriculture and deteriorated its food and agribusiness sector. The entire value chain is underdeveloped, is not well integrated and depends on imports, making it vulnerable to global supply shocks. The pandemic response requires a strong policy responses starting by making food and nutrition assistance at the heart of social protection programmes in Libya and to keep the food value chain alive by focusing on key logistics bottlenecks. Libya will benefit from keeping the global food trade open to be able to keep physical and economic access to food feasible and sustainable. Libya may rethink its food security to ensure strong and significant recovery from both conflict and COVID-19 crisis.

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