Platform for African – European Partnership in Agricultural Research for Development

Sunday, December 1, 2024

Financing Food Systems Transformation and Rural Revitalization

26 - 27 November 2024. Financing Food Systems Transformation and Rural Revitalization

The Global Donor Platform for Rural Development’s Annual General Assembly discussed how the international community can optimize limited official development assistance in food and nutrition, building on the recommendations of the 2024 State of Food Security and Nutrition in the World report

The two days provided opportunities for knowledge exchange and timely discussions on rural development. It will include reflections on the implications of innovative financing for rural youth employment and land governance.

Background and Scene Setting

  • Jim Woodhill, Senior Advisor, Global Donor Platform for Rural Development
  •  Maximo Torero Cullen, Chief Economist, Food and Agriculture Organization of the United Nations (FAO)
  •  Jo Puri, Special Adviser, Strategic Initiatives, Office of the President and Vice President, International Fund for Agricultural Development (IFAD)

Catalytic Development Finance for a Sustainable and Resilient Future

  • Agnes Johan, Head of Blended Finance, Rabo Partnerships
  • Attiya Waris, Professor of Fiscal Law at the Faculty of Law, University of Nairobi in Kenya and UN Independent Expert on Foreign Debt and Human Rights in 2021 
  • Georgia Apson Coordinator of the World Food Forum Tanzania Chapter, on behalf of Hon. Neema Lugangira, Member of Parliament Tanzania and Board Member of the Global Parliamentary Network on the World Bank and IMF and Member of the Executive Committee of the UN Scaling Up Nutrition Movement 

  • Ines Rocha, Regional Director Europe, International Finance Corporation (IFC) 
  • Chris Isaac, Chief Investment Officer, AgDevCo

Breakout Sessions

Theme 1: Climate finance and vertical funds 
Savis Sadeghian, Senior Technical Specialist, Environment and Climate, IFAD 
Moderator: Henry Bonsu, Journalist and Broadcaster 
Theme 2: Unlocking private capital for food systems transformation 
Christopher Brett, Lead Agribusiness Specialist, World Bank 
Moderator: Jim Woodhill, Senior Advisor, Global Donor Platform for Rural Development
Theme 3: Improving financing approaches for agri-food SMEs 
John Robert Okware, Country Director, Uganda, Aceli Africa 
Moderator: Mandakini Surie, Senior Consultant, Global Donor Platform for Rural Development
Theme 4: Innovative financing in fragile contexts 
Tuleen Alkhoffash, Senior Portfolio Manager, IFAD
Kais Zuhaika, Head of Financial Institutions, Quds Bank 
Moderator: Maurizio Navarra, GDPRD Secretariat Coordinator, International Fund for Agricultural Development (IFAD)

Innovative Financing Approaches for Young Agriprenuers

Moreen Nyakato, CEO, Greeco Organic Farm, Uganda Nsengiyumva Prosper, Chief Executive Officer, Avocado Oil Industries Ltd Jenice Achieng, Owner, Agnesa Bakery; Country Representative, YPARD Kenya Vanessa Nzabamwita, Investment Lead, One Acre Fund

Finance Coordination: Linkages with other global development financing discussions


Innovative financing approaches are emerging as a solution to address the unique challenges faced by rural young entrepreneurs and the agrifood system. Approaches such as blended finance, impact investing, and results-based financing are gaining traction in the agrifood sector. They mobilize private capital, development finance, and philanthropic funding to support sustainable agricultural practices and agrifood system innovations. For these mechanisms to be effective, they need to be youth-sensitive.



In rethinking how the international community can optimize limited official development assistance (ODA) for the revitalization of rural and food systems transformation, such an exercise cannot be done without rethinking, redefining, and enhancing the quality of finance and ODA. The key issue is not only the amount of finance and aid provided but also how effectively and inclusively it is delivered.

Resources:

  1. Keynote, Scene Setting, High-Level Session and Thematic Group Discussions: Catalytic Development Finance for a Sustainable and Resilient Future
  2. Youth Session: Innovative Financing Approaches for Young Agriprenuers
  3. Finance Coordination Session: Linkages with Other Global Development Financing Discussions
  4. Land Session – Reaching Indigenous Peoples and Local Communities through Enhanced Access to Finance
  5. Final Session – Synthesis Panel: Implications of the AGA discussions on finance and GDPRD future directions

FAO. (Forthcoming). The State of Food Security and Nutrition in the World 2024. Financing to end hunger, food insecurity and malnutrition. Rome.

Ruggeri Laderchi, C., et al. (2024). The Economics of the Food System Transformation. Food System Economics Commission (FSEC), Global Policy Report. 

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