Finance in Common 2021 Summit

Ahead of global climate talks, public development banks join forces to boost investments in sustainable food systems

Responding to an urgent call to increase financing for the world’s poorest farmers who are hardest hit by climate change, a group of Public Development Banks (PDBs) stepped up their commitment to accelerate green investments in agriculture during today’s Finance in Common Summit.

Finance as a driver of food systems transformation: A new role for Public Development Banks?

One major obstacle to realizing sustainable and inclusive food systems is a lack of sufficient and appropriate financing. Recent estimates suggest that transforming food systems to deliver healthy people, a healthy planet, and a healthy economy will require an extra US$300 – US$350 billion per year for the next decade.

IFAD and partners to announce upcoming coalition to support public development banks’ financing of sustainable and equitable food systems

Creating sustainable and equitable food systems that benefit the world’s most vulnerable people will require substantial investments – by some estimates as much as US$350 billion per year over the next decade.