Fixing food finance to heal the planet

The performance of the global food system over the last century has been extraordinary. fruit-stand4-price_heroFarmers, processors, traders, retailers and all the other agents in the food system have been able to feed a global population that has increased from 1.6 billion in 1900 to nearly 7.6 billion in 2020 , while at the same time bringing down real food prices. Over that period, all four dimensions of food security improved – availability, access, reliability and nutrient adequacy.

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Transitions at the Heart of the Climate Challenge

STORY HIGHLIGHTS

  • The World Bank Group is increasing its financing to help countries address the pandemic and climate change, because a sustainable future depends on the decisions countries make today.
  • To clean up energy systems, it will be important to drive action on multiple fronts including renewable energy, energy efficiency, and a just transition from coal.
  • To tackle food insecurity and protect forests, climate-smart agriculture and nature-based solutions will need to be scaled up.

Imagine a world where farms grow nutritious food and raise healthy livestock without harming the environment. Where every village, town and city are powered by clean energy and cities have safe, affordable, and non-polluting transit systems. Where people have jobs that drive the sustainable growth story of the future. This world is within our reach, but only if we confront the challenges we face today.

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Financing SDG2: Hunger and malnutrition- what will it take?

One year into the COVID-19 pandemic, the health crisis has triggered an economic crisis and a protracted rise in food insecurity.  Basic sustenance has become unaffordable for the world’s poorest, and disruptions of health and nutrition services will have long term consequences. Even before the pandemic, the world was not on track to meet the Sustainable Development Goal 2 (SDG2) goal of Zero Hunger.

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A Roadmap for Building the Digital Future of Food and Agriculture

STORY HIGHLIGHTS

  • Fair distribution of data can help ensure fair pay for farmers
  • Digital agriculture can help improve yields and cut down on food loss and waste
  • Digital agriculture allows consumers to choose healthier, more environmentally friendly food

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Better Farming on Their Own Land: How Rural Communities in Cambodia Overcome COVID-19 Restrictions and Sustain Incomes

 
 

Story highlights:Horn-Oeun

  • In Cambodia, the Land Allocation for Social and Economic Development (LASED) projects secured about 16,000 hectares of land for landless and small landholder families across five provinces.
  • Over 5,000 households have received direct benefits, including land titles.
  • The projects will phase out by ensuring the sustainability of achievements and improving family incomes.

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Prevent the next food crisis now

 

Firms and workers continue to be deeply impacted by the COVID-19 pandemic as it enters its dominic_chavez_ifc_rwanda_2019 eleventh month. Building on insights from COVID-19 Business Pulse Surveys, the first blog post in this series described the implications of the crisis for firm sales, employment, and financial performance, while the second discussed record levels of uncertainty and firms’ coping strategies, including adoption of digital technology. This third and final part of the series focuses on public policy responses.

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Prevent the next food crisis now

 
 

The toxic cocktail of climate change, conflict, and COVID-19 is making itself felt most intensely 20200520_indonesia_covid19_15_1in the world’s poorest and most vulnerable countries.  As a result, a record 235 million people worldwide will need humanitarian assistance and protection in 2021 – an increase of 40% from last year.

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COVID-19 has put food out of reach for many. Can technology create a more sustainable food system?

The short answer is yes. De-concentration, de-centralization and data are building blocks of a more sustainable food system post-COVID-19. Explore how in this in-depth analysis.

Free masks: A new initiative in the Central African Republic has seen the production of more than two million masks in just two months, looking to generate more than 1.6 million workdays and inject about $17 million into the local economy.

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World Bank Announces $500 Million to Fight Locusts, Preserve Food Security and Protect Livelihoods

Emergency Financing for Locust Affected Countries will help people recover from losses

WASHINGTON, May 21, 2020 — The World Bank Group approved today a US$500 million program to help countries in Africa and the Middle East fight the locust swarms that are threatening the food security and livelihoods of millions of people.

The Emergency Locust Response Program (ELRP), approved today by the World Bank’s Board of Executive Directors, will focus on providing immediate assistance to help poor and vulnerable farmers, herders, and rural households overcome one of the worst locust upsurges in decades. ELRP will provide immediate support to affected households through targeted social safety nets like cash transfers, while investing in the medium-term recovery of agriculture and livestock production systems and rural livelihoods in affected countries.

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It’s time we invest in healthy food systems for a safer world

The World Bank Group last week announced it would make available a package of $12 Meta-chicken-COVID-corornavirusbillion — an unprecedented level of financing to help developing countries and businesses cope with the health and economic impacts caused by COVID-19. Much of that support will naturally be reactive, financing immediate measures designed to strengthen our response to a brand-new threat. But some of the financing will also be preventative — as it should be, if we are to learn our lessons from the past and strengthen our collective hand before the next bug hits.

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