00:07 The world is in a crisis.
00:09 We have more hungry people today than we have ever had before,
00:14 and it's perplexing because
00:15 we are producing more food than we've ever produced before in the world.
00:20 How do we fix this problem?
00:22 We need to produce our food
00:24 differently.
00:25 We need to change the way we are doing things because
00:28 our food production system is a leading cause of environmental degradation,
00:32 a leading cause of climate change,
00:34 a leading cause of unhealthy diets,
00:36 and it doesn't produce very good jobs.
00:39 The beauty of the food system is we can bend the arc,
00:41 the trajectory that we're on,
00:43 where we're Destroying the planet as we feed ourselves
00:46 and bend it to one where we're saving the planet as we feed ourselves.
00:49 We've seen a great surge in the World Bank's lending,
00:52 $22 billion of new lending in the last 15 months,
00:55 and what's really interesting about that is half of it is going on resilience.
01:00 There's longer term measures,
01:01 half of it is going on the safety nets and the shorter term measures.
01:05 So you're seeing demand from our client countries
01:08 really well balanced across both the rich and the poorer countries
01:12 as well as the short term and the longer term measures.
01:14 What's really amazing about Gaffes is what it does at the country level.
01:19 GAFFS is really key in two dimensions of this.
01:22 The first is that it will help defragment the donor effort by bringing everyone in.
01:27 To a single space concentrating their programs
01:29 and sharing their information that then allows the
01:31 government to be looking at all that information with all of the donors at one time
01:36 to understand exactly what's going on and everyone has that same understanding.
01:40 The second is
01:42 it really makes the entire
01:44 delivery mechanism much more efficient,
01:46 so it reduces the transaction costs between all.
01:49 Different players and there's 15,000 donor projects a
01:53 year in the agriculture and food space,
01:56 and the average size is only $500,000.
01:59 And if we're operating at that scale,
02:01 we're never going to solve the kind of problems that we have.
02:03 Gas can help us reduce
02:06 that multitude of little things that's going on and
02:08 get everyone on the same page and working together.
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