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ODI: It's an ill wind… This time, rising agricultural prices mean windfalls for some in 2011

overseas-development-institute-logoBy Steve Wiggins:   
In 2008 developing countries, and poor people within them, were hit hard by the price spike in the international cereals market. Once again food prices are moving up, not that far short of the levels seen three years ago, so does this mean another bout of hardship? Some think so. Last Thursday The Guardian ran with the headline “World food prices enter 'danger territory' to reach record high”.

Is this right? Not quite: there’s a difference this time.
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IRIN: Coping with hardship in pastoralist regions

IRIN_logoISIOLO, 18 January 2011 (IRIN) - Perennial drought and other threats to pastoralist livelihoods in Kenya have prompted local communities to adopt increasingly innovative coping mechanisms, say researchers.
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World food prices at fresh high, says UN

BBC_News_300Global food prices rose to a fresh high in December, according to the UN's Food and Agricultural Organisation (FAO). Read More.
See also: Reducing Food Price Volatility for Food Security and Development

 

GCARD Road Map draft released

GCARDThe latest draft of the GCARD RoadMap has now been released: Transforming Agricultural Research for Development (AR4D) Systems for Global Impact.

The Road Map provides a clear path forward for all involved. The Roadmap highlights the urgent changes required in AR4D systems globally, to address worldwide goals of reducing hunger and poverty, while ensuring environmental sustainability and meeting the needs of resource-poor farmers and consumers.

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Global Agriculture and Food Security Program

tendu_logoWith most bilateral and multilateral aid allocations overlooking sector-specific programming, there is a gap in terms of available, unallocated capital to support country and regional agriculture and food security plans.

The Global Agriculture and Food Security Program (GAFSP) is a response to this gap and to specific calls to scale-up long-term agricultural and food security assistance to low income countries made at the G8 L’Aquila Summit and the G20 Summit in Pittsburgh. Today, the GAFSP is a multilateral trust fund that coordinates donor support for country-led agricultural and food security investment.

The GAFSP operates as a multilateral mechanism with pledges from the USA, Canada, Spain, Korea, Gates Foundation, and Ireland of $914 million over its first three years. Investments made already include support for:

  • seed varieties and better water management techniques in Bangladesh
  • improved access to seeds, fertilisers and technology in Haiti
  • reduced hillside erosion and bolstering productivity in Rwanda
  • collective action for commercialisation of smallholder farmers and farm management training in Sierra Leone
  • affordable credit and better access to technology in Togo

The GAFSP includes both public and private sector financing windows. The public sector window  assists strategic country-led or regional programs that result from sector-wide country or regional consultations and planning exercises such as CAADP in Africa. The private sector window is designed to provide long and short term loans, credit guarantees and equity to support private sector activities for improving agricultural development and food security. 

The GAFSP is implemented as a Financial Intermediary Fund for which the World Bank serves as Trustee.  The World Bank also hosts a small coordination unit that provides support to the GAFSP Steering Committee. 

Countries in which GAFSP is active:

More on the GAFSP:

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