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Knowledge4Policy
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  • Publication | 2023
Belize Market Price Monitoring Systems Assessment
Global Food and Nutrition Security

The World Food Programme (WFP) has partnered with the Government of Belize to map their market monitoring processes towards harmonizing efforts to establish a single best-inclass system for the country.

Rising global food and energy prices have hampered the ability of people to meet their everyday needs. The United Nations World Food Programme (WFP) has partnered with the Government of Belize to map and outline their market monitoring processes, with a view towards harmonizing efforts across the different units currently responsible and contributing towards a single best-in-class system for the country. Such a system should provide timely market information across entire value chains for critical agri-food commodities, from farm to fork, and disseminated at a global scale. This information is important for several reasons including early warning and forecasting, policy tools such as price controls and subsidies that are implementable by the government, attracting foreign and domestic investment, measuring current economic patterns and impact of current policies, and calibrating subsidies and assistance programs for vulnerable populations.