In order to respond sustainably to food security and nutrition needs, food systems must be made more sustainable. In order to cope with global food security challenges, FAO has calculated that developing countries will need to invest-both for the public and private sectors, 209 USD billion per year (inclusive of equipment renewal costs) as compared to the current level of investment of USD 142 billion. This means a 50% increase. Considering the urgent nature of this challenge and increased budget constraints within the international development community, high food security and nutritional impact investments are needed.
The capacity of the least developed countries (LDCs) to fill the investment gap given their meagre budgets is limited. Despite an overall trend of increasing development efforts and recognized need to re-invest in agriculture, in a situation of budget crisis, it is unlikely that even the most developed countries will be able to source the needed funds. Furthermore, official development assistance (ODA) resources are increasingly unreliable in times of crisis and therefore long term programming becomes a challenge. Private investment is key to agricultural development.
A number of innovative tools, considered as innovative forms of financing have been developed and these have already proven to be essential in reaching food and nutrition security objectives.
Ms Laura Mecagni, Head, Global Agriculture & Food Security Program (GAFSP) Principal Investment Officer IFC, Washington D.C
Mr Daniel Gad, Board Member, Ethiopian Horticultural Cooperatives, Addis Ababa
Mr George Macharia, Head of Agriculture Credit , Equity Bank, Nairobi
Mr Aldo Mattia, Director, Coldiretti Lazio, Rome
Ms Laura Mecagni, Head, Global Agriculture & Food Security Program (GAFSP), Principal Investment Officer, IFC, Washington D.C.