Even before the Coronavirus pandemic, historic progress in reducing hunger had stalled and poverty remained stubbornly entrenched in some areas. While the number of people living in extreme poverty fell from nearly 2 billion in 1990 to 736 million in 2015, and hunger declined for decades, the poorest and most marginalized people continue to be left behind.
The Coronavirus pandemic has further devastated communities, countries and economies the world over. But everywhere it is the poor, the hungry and the vulnerable who suffer the most.
At the same time, climate change threatens our food systems, and food is our most basic need.
Rural people, especially small-scale farmers, are among those suffering the impacts of a changing climate the most. They are also disproportionately affected by poverty, hunger and inequality.
Up to 1 billion people could be forced to migrate because of environmental pressures.
While the challenges are great, we have a historic opportunity to reignite progress toward the elimination of extreme poverty and hunger and achieve the Sustainable Development Goals.
Rural development with agriculture at its centre can radiate prosperity through communities and societies. Rural livelihoods and food production should be protected to prevent a food crisis.
Prosperous small farms can not only provide food but also create jobs, and lead to higher demand for locally produced goods and services. This, in turn, spurs opportunity, economic growth and more stable societies.
IFAD’s goal is to double its impact over the next ten years, with a programme of work of about US$30 billion by 2030.
Learn more about how we aim to achieve this in our Case for Investment.