The World Bank Group works with partners to improve food security and build food systems that can feed everyone, everywhere, every day. Activities include encouraging climate-smart farming techniques, improving supply chains for reducing food losses and strengthening safety nets to ensure vulnerable families have access to food and water.
Increased investment in agriculture: In 2016, new IBRD/IDA commitments to agriculture and related sectors were $2.9 billion. IBRD/IDA commitments are expected to increase in 2017. The International Finance Corporation’s (IFC) investments were $3.3 billion. World Bank IBRD/IDA agricultural assistance to Sub-Saharan Africa and South Asia were $.7 billion and $.8 billion respectively.
Expedited emergency support: In response to the 2017 famines, the Bank is working towards a financial package of more than 1.6 billion to build social safety net programs, strengthen community resilience and deliver emergency food and water assistance in affected countries. The Bank is coordinating closely with the UN and other partners in all areas of its response.
In Yemen, a $36 million grant to restore agricultural production systems and improve food security is expected to be in place by June 2017. In South Sudan, a $50 million Crisis Response Window (CRW) grant is under preparation to provide food and nutrition support and lay the foundation for the recovery of agricultural production.
Supporting long-term global food security programs: The Global Agriculture and Food Security Program (GAFSP) fills financing gaps in national and regional agriculture and food security strategies. Ten countries and the Bill & Melinda Gates Foundation have pledged to contribute about $1.6 billion, with $1.5 billion received. Since May 2010, the Public Sector Window has allocated $1.2 billion to 49 projects in 31 countries. More than half of GAFSP projects, for a total of 15% of GAFSP funding, have interventions targeting nutrition-related activities.
High level engagement and analysis: The Bank is engaged in policy dialogue and coordinated activities with countries and development partners to address food security challenges. The Bank contributes to agriculture and food security recommendations for the G20, and supports G20 initiatives such as the Agricultural Market Information System (AMIS), launched to improve the transparency of global agricultural markets of maize, rice, soybeans, and wheat, and make that information publicly available to encourage policy action
With funding from the Food Price Crisis Response Multidonor Trust Fund, the Bank provided technical assistance to over 30 client countries to respond to the impact of El Niño and prepare for future ENSO events.
Other instruments include rapid country diagnostics, high-level dialogue, public communications, and in-depth analytical work and monitoring instruments.
Financial market insurance products and risk management strategies: In developing countries, farmers, agro-enterprises, and governments can employ a range of approaches to mitigate, transfer, and cope with risks. The Bank supports the implementation of agricultural sector and supply chain risk management strategies through technical assistance and training.
Supporting research to address critical knowledge gaps: The Bank is undertaking a comprehensive analytical program on food security in collaboration with other agencies working in food and agriculture. The Bank supports the Consultative Group on International Agricultural Research (CGIAR). The Bank is also improving global collaboration around nutrition and all of its underlying drivers, including agriculture, through the SecureNutrition knowledge platform.
Last Updated: Apr 12, 2017