Africa – Agricultural Productivity/Food Security
African countries commit to double agricultural productivity as development banks, institutions pledge US$17 billion to increase food security
Rome, 30 April 2021 – 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.
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.
African Development Bank President Dr. Akinwumi A. Adesina said: “Let us now create today, a stronger partnership: a partnership for greater scale; a partnership to take technologies and innovations to hundreds of millions of farmers.”
IFAD said it aimed to provide an additional US$1.5 billion to Africa to support national efforts to transform food and agricultural systems over the next three years. IFAD will also invest more in creating the pre-conditions for increased agricultural productivity. The organization is helping to develop a growing pipeline of investments to restore land, create jobs and build resilience to climate change in the Sahel region. This will contribute to the Green Great Wall objectives, and will create 10 million jobs in the region by 2030…
In an additional show of solidarity, the Bill & Melinda Gates Foundation, joining a coalition of development partners, declared that it will invest US$652 million in the next three years. This will support agriculture research and development initiatives in Africa. This funding is expected to empower 300 million farmers with a host of new innovations.
President Macky Sall of Senegal summed up interventions by African heads of state on Thursday with the following seven-point action list:
:: Accelerate agricultural production by taking technologies to scale.
:: Increase investment in research and development.
:: Optimize technology.
:: Improve business language in agriculture to open up to the world.
:: Support access to markets and the installation of basic infrastructure and equipment.
:: Invest in new businesses to transform agricultural produce to support small producers.
:: Create a facility for agricultural transformation.