Agricultural and Rural Development (ARD) is a fundamental component of Ethiopia's economic growth and poverty reduction strategy.

In light of recent trends in international agricultural markets, and in the interest of analyzing, contributing to discussions of and making informed decisions on how to address the complex problem of price volatility, we are pleased to present this first issue of the ECLAC-FAO-IICA Bulletin, prepared within the framework of an initiative launched by our institutions in 2009 calling for the annual publication of a document on the state of and outlook for agriculture and rural life in Latin America and the Caribbean.

These recommendations are a compilation of 2 regional studies at sub-Saharan Africa level which focused on research and technology transfer in the field of rainwater harvesting irrigatio nmanagement on one hand (section 3), and effective policy recommendations on the use of rainwater for off-season small-scale irrigation on the other (section 4). The regional studies upon which this transnational study is based come from the analysis of national studies in Ethiopia, Kenya, Mozambique and Zimbabwe.

In the past 50 years, Indian agriculture has undergone a major transformation, from dependence on food aid to becoming a consistent net food exporter. The gradual reforms in the agricultural sector (following the broader macro-reforms of the early 1990s) spurred some unprecedented innovations and changes in the food sector driven by private investment. These impressive achievements must now be viewed in light of the policy and investment imperatives that lie ahead.