The Asian Development Bank (ADB) has approved $40 million policy-based financing to support the Government of Cambodia’s efforts to expand access to credit among micro, small, and medium-sized enterprises (MSMEs) and implement reforms to boost financial stability and upgrade financial sector infrastructure. The third subprogram of the Inclusive Financial Sector Development Program follows two previous subprograms, which were implemented from 2016 to 2019 to help Cambodia develop an efficient … [Read more...] about $40 million ADB Support for financial sector development in Cambodia
WFP calls for urgent action on World Food Day
On 16 October, ahead of World Food Day, the United Nations World Food Programme (WFP) warns that the world faces an exponential increase in hunger fuelled by the climate crisis if urgent global action to help communities adapt to climatic shocks and stresses is ignored. A WFP analysis shows that a 2°C rise in average global temperature from pre-industrial levels will see a staggering 189 million additional people in the grips of hunger. Vulnerable communities, a vast majority of whom rely on … [Read more...] about WFP calls for urgent action on World Food Day
IFAD and Nepal to build resilience of rural communities
The International Fund for Agricultural Development (IFAD) and the Government of Nepal recently launched a six-year programme to improve the livelihoods, climate resilience and nutrition of 120,000 smallholder farmers across 28 districts in provinces 2, 3 and 5. The Value Chains for Inclusive Transformation of Agriculture (VITA) Programme aims to build on successful and inclusive models of rural economic growth that increase smallholder farmers’ incomes. It advances best practices in part … [Read more...] about IFAD and Nepal to build resilience of rural communities
São Tomé and Príncipe: US$10.7m grant to help SMEs in agriculture and tourism
In Abidjan, the Board of Directors of the African Development Fund approved a grant of US $ 10.7 million to São Tomé and Príncipe for the implementation of the first phase of the Zuntámon Initiative, within the framework of the Lusophone Compact. The project aims to improve the business environment by removing specific bottlenecks that hinder private sector-led growth. The project will also strengthen capacity and access to markets and credit for small and medium-sized enterprises (SMEs) … [Read more...] about São Tomé and Príncipe: US$10.7m grant to help SMEs in agriculture and tourism
New IEA study analyses future of ammonia industry amid efforts to reach net zero emissions
The Ammonia Technology Roadmap is the latest publication in a series of IEA sectoral roadmaps dating back to 2009, with the previous instalment providing a deep dive into the challenges facing the iron and steel industry. The latest roadmap examines three possible futures for ammonia production. The Stated Policies Scenario sees current trends continuing, with the industry making incremental improvements but falling well short of a sustainable trajectory. Technology roadmap lays out detailed … [Read more...] about New IEA study analyses future of ammonia industry amid efforts to reach net zero emissions
Committee on World Food Security kicks-off with call for agri-food systems transformation
The 49th session of the Committee on World Food Security (CFS) heard that Agri-food systems transformation is urgently needed to get back on track towards the goal of eradicating hunger and malnutrition. According to the latest FAO estimates, the number of undernourished people in the world continues to rise. In 2020, up to 811 million people in the world went to bed hungry, whereas 2.4 billion people lacked year-round access to adequate food, and more than 3 billion people could not … [Read more...] about Committee on World Food Security kicks-off with call for agri-food systems transformation
FAO calls for more and better agri-food investments to fight hunger
On Friday at the Business 20 (B20) summit, QU Dongyu, Director-General of the Food and Agriculture Organization of the United Nations (FAO), told global private-sector leaders that transformed and inclusive agri-food systems are needed to end hunger around the world and drive responses to other global challenges such as the climate crisis. The COVID-19 pandemic affected economic activities worldwide and also contributed to the largest single-year increase in global hunger, adding as many as … [Read more...] about FAO calls for more and better agri-food investments to fight hunger
World food commodity prices rise further in September, reports FAO
The Food and Agriculture Organization of the United Nations (FAO) reported that the World food commodity prices rose in September, led by tightening supply conditions and robust demand for staples such as wheat and palm oil. The FAO Food Price Index averaged 130.0 points in September, up 1.2 percent from August and 32.8 percent higher than in September 2020. The index tracks monthly changes in the international prices of commonly-traded food commodities. The FAO Cereal Price Index in … [Read more...] about World food commodity prices rise further in September, reports FAO
FAO: Aquaculture is vital to meet increasing food demand
The Director-General of the Food and Agriculture Organization of the United Nations (FAO), QU Dongyu said that aquaculture is playing a critical role in global food production, but innovation and equity are required to ensure inclusive and sustainable growth. On the opening day of the Global Conference on Aquaculture Millenium+20 in Shanghai, the Director-General highlighted aquaculture as the fastest growing agri-food sector globally saying there is huge potential for further expansion in … [Read more...] about FAO: Aquaculture is vital to meet increasing food demand
World Food Forum to take place in Rome on October 1-5
The youth led World Food Forum (WFF) holds its first flagship event in Rome on October 1-5, bringing together people from diverse sectors around the world to galvanize global action following up to the Summit. The five-day flagship event aims to spur actions by youth to help shape the future of food and agriculture. Speakers will include Pope Francis, Queen Letizia of Spain, Costa Rica President Carlos Alvarado Quesada, President of UN General Assembly Abdulla Shahid and FAO Director-General … [Read more...] about World Food Forum to take place in Rome on October 1-5
