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Global Agriculture and Food Security Program: Difference between revisions
Global Agriculture and Food Security Program (view source)
Revision as of 22:06, 13 March 2025
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|TopOrganization=Department of State | |TopOrganization=Department of State | ||
|CreationLegislation=G20 Summit Commitment of 2009 | |CreationLegislation=G20 Summit Commitment of 2009 | ||
|Purpose= | |Purpose=Global Agriculture and Food Security Program aids low-income countries with funds and tech to boost food security and support small farmers. | ||
|Website=https://www.gafspfund.org/ | |Website=https://www.gafspfund.org/ | ||
|ProgramStart=2010 | |ProgramStart=2010 | ||
|InitialFunding=$925 million pledged | |InitialFunding=$925 million pledged | ||
|Duration=Ongoing | |Duration=Ongoing | ||
|Historic= | |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.<ref>"Global Agriculture and Food Security Program," GAFSP, https://www.gafspfund.org/about, accessed February 19, 2025.</ref> | '''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.<ref>"Global Agriculture and Food Security Program," GAFSP, https://www.gafspfund.org/about, accessed February 19, 2025.</ref> | ||