Financing food security with IFAD
ECDPM has partnered with the International Fund for Agricultural Development (IFAD) to address the urgent issue of food insecurity, particularly in Africa, where 582 million people are projected to be chronically undernourished by 2030.
A $350 billion annual shortfall currently inhibits agrifood systems' capabilities to support the drive to zero hunger and adapt to climate change. However, simply expanding financial resources will not suffice. Our collaboration focuses on enhancing partnerships, improving coordination, and scaling up efforts to close critical funding gaps, reduce inefficiencies, and get the necessary funding to people who need it the most.
We are organising a series of events to raise awareness about these challenges and provide actionable ideas and recommendations. Our goal is to help create a more effective ecosystem that facilitates the flow of finance to agrifood systems, ultimately improving food security and contributing to the elimination of hunger for all.
Events
Partnering on a global stage to enhance food security and food systems in Africa
Together with the Italian Presidency of the G7, IFAD and ECDPM brought together representatives from IFAD’s Member States and other key stakeholders to discuss the critical role IFAD can play in advancing the G7 Apulia Food Systems Initiative (AFSI).
CFS side event: The international financial architecture – improving collaboration and scale to bridge the funding gap for sustainable food systems and family farmers
With the World Bank, Brazil, EAFF and others, the event brought together senior representatives from international financial institutions, development agencies, family farmers’ organizations, and the private sector. The discussion focused on the need for inclusive partnerships and innovative financing models to address the $350 billion annual investment gap needed to achieve SDG2 and transform food systems by 2030.
Upcoming event in January
Following from our previous events, ECDPM and IFAD will follow up with a third event in January 2025, details to be announced.
