A coalition of multilateral development banks and development partners has pledged over $17 billion in financing on Friday during a high-level forum, in a bold bid to address rising hunger on the African continent and to improve food security.
funds were pledged on the final day of a two-day high-level dialogue – Feeding Africa: leadership to scale up successful innovations. The event was hosted by the Africa Development Bank and the UN International Fund for Agricultural Development (IFAD), in partnership with the Forum for Agricultural Research in Africa (FARA) and the CGIAR System Organization, on 29 and 30 April.
In addition, 17 African heads of state signed on to the commitment to boost agricultural production by doubling current productivity levels through the scaling up of agro-technologies, investing in access to markets, and promoting agricultural research and development.
The African Development Bank (www.AfDB.org) and the International Fund for Agricultural Development (IFAD), in partnership with the Forum for Agricultural Research in Africa (FARA) and the CGIAR System Organization, today pledged to work closely with African leaders to address rising hunger on the continent and shore up adequate financing to transform and modernize Africa’s food […]
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African countries commit to double agricultural productivity as development banks
– A coalition of multilateral development banks and development partners has pledged over US$17 billion in financing on Friday during a high-level forum, in a bold bid to address rising hunger on the African continent and to improve food security.
These funds were pledged on the final day of a two-day high-level dialogue – Feeding Africa: leadership to scale up successful innovations. The event was hosted by the Africa Development Bank and the UN International Fund for Agricultural Development (IFAD), in partnership with the Forum for Agricultural Research in Africa (FARA) and the CGIAR System Organization, on 29 and 30 April.
African countries commit to double agricultural productivity as development banks, institutions pledge US$17 billion to increase food security
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ROME, April 30, 2021 /PRNewswire/ Four multilateral development banks and financial institutions pledged close to US$17 billion in financing on Friday during a high-level forum, in a bold bid to address rising hunger on the African continent and to improve food security.
In addition, 18 African heads of state have committed to increase agricultural production by doubling current productivity levels through the scaling up of agro-technologies, investing in access to markets, and promoting agricultural research and development.
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