Global Agriculture and Food Security Program
Stored: Global Agriculture and Food Security Program
| Type | Program |
|---|---|
| Sponsor Organization | Partnership |
| Top Organization | Department of State |
| Creation Legislation | G20 Summit Commitment of 2009 |
| Website | Website |
| Purpose | Global Agriculture and Food Security Program aids low-income countries with funds and tech to boost food security and support small farmers. |
| Program Start | 2010 |
| Initial Funding | $925 million pledged |
| Duration | Ongoing |
| Historic | No |
Global Agriculture and Food Security Program (GAFSP) is a multilateral initiative led by a partnership under the Department of State’s coordination, providing financial and technical resources to improve food security and agricultural resilience in over 50 of the world’s poorest countries, reaching 20 million beneficiaries by 2025 through a $2.5 billion portfolio. Launched by the G20 in response to the 2007-2008 food price crisis, it channels grants, concessional loans, and advisory services via multilateral agencies like the World Bank and IFC, supporting smallholder farmers with climate-smart solutions and private sector development, evidenced by a $220 million grant round in 2023 for 15 countries.[1]
Goals
- Reduce poverty and hunger by boosting agricultural productivity and incomes in target countries.[2]
- Enhance food and nutrition security, aiming to reach millions with sustainable agriculture solutions.
- Build resilience against climate change and economic shocks for smallholder farmers and rural communities.
Organization
The Global Agriculture and Food Security Program was established as a Financial Intermediary Fund, hosted by the World Bank, with a Steering Committee comprising donors (e.g., U.S., Germany), recipient countries, and civil society, under the Department of State’s diplomatic leadership via the Office of Global Food Security.[3] Funding comes from donor contributions totaling $2.5 billion by 2025, managed through public and private sector windows, with implementation by partners like the African Development Bank, FAO, and IFC. The program aligns with country-led plans, ensuring demand-driven investments.
The leader at the Department of State level is the Special Envoy for Global Food Security, currently Dr. Cary Fowler (as of February 19, 2025).
Partners
- World Bank
- International Finance Corporation
- African Development Bank
- Food and Agriculture Organization
History
The Global Agriculture and Food Security Program was launched in April 2010 following the G20 Summit Commitment of 2009 in Pittsburgh, where leaders pledged $20 billion to address the 2007-2008 food price crisis.[4] Initiated with $925 million in pledges, it began funding projects in 2010, growing to support over 300 projects by 2025, including a $300 million replenishment in 2020 and $220 million in grants in 2023. Key milestones include its response to COVID-19 with $60 million in 2020 and its 2024 focus on climate resilience during a High-Level Roundtable in Washington, D.C. It remains a vital tool for sustainable agriculture into 2025.
Funding
Initial funding in 2010 totaled $925 million in pledges from donors like the U.S., Canada, and the Bill & Melinda Gates Foundation, with contributions starting that year.[5] By 2025, the portfolio reached $2.5 billion, including $1.6 billion in public sector grants and $493 million for private sector development, with recent additions like $155 million from the U.S. in 2023. Funding is ongoing, with a 2020-2025 replenishment goal of $1.5 billion, supported by donors and private investments, with no end date.
Implementation
The program operates through competitive calls for proposals, channeling funds via multilateral partners to country-led projects, such as Nepal’s $9 million grant in 2022 for 40,000 farm households.[6] It uses public sector grants for government initiatives and private sector financing for agribusiness, emphasizing climate resilience and nutrition. Implementation is continuous, adapting annually to global crises, with no fixed end date.
Related
External links
- https://www.gafspfund.org/
- https://www.worldbank.org/en/programs/global-agriculture-and-food-security-program - World Bank GAFSP overview
- https://www.ifc.org/en/what-we-do/sector-expertise/agribusiness/gafsp - IFC Private Sector Window
- wikipedia:Global Agriculture and Food Security Program
Social media
References
- ↑ "Global Agriculture and Food Security Program," GAFSP, https://www.gafspfund.org/about, accessed February 19, 2025.
- ↑ "GAFSP Overview," World Bank, https://www.worldbank.org/en/programs/global-agriculture-and-food-security-program, accessed February 19, 2025.
- ↑ "GAFSP Governance," GAFSP, https://www.gafspfund.org/governance, accessed February 19, 2025.
- ↑ "GAFSP History," GAFSP, https://www.gafspfund.org/about, accessed February 19, 2025.
- ↑ "GAFSP Funding," World Bank, https://www.worldbank.org/en/programs/global-agriculture-and-food-security-program, accessed February 19, 2025.
- ↑ "GAFSP Projects," GAFSP, https://www.gafspfund.org/projects, accessed February 19, 2025.