THE GLOBAL WINDOW OF TURKISH FOOD AND AGRICULTURE The Global Window of Turkish Food and Agriculture Sector
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World Bank doubles agribusiness commitment to 9B dollars annually…
Financial institution expects global food demand to increase 60 percent in coming decades…
The World Bank Group announced Wednesday it is doubling its agri-finance and agribusiness commitments to 9 billion dollars annually by 2030 to create a comprehensive ecosystem for the industry.
The target will focus on four areas that reshape the agribusiness landscape — climate change, innovations in finance, digitalization and solutions to fragmentation.
The financial institution expects global food demand to increase by 60 percent in the coming decades, while its financial commitment aims to respond to critical jobs in emerging markets.
“We stand at a crossroads and the path we choose today will determine the future,” World Bank Group President Ajay Banga said in a statement.
“The World Bank’s ecosystem approach moves us beyond fragmented efforts to a constellation of solutions that includes everything from warehousing to logistics to production, but with smallholder farmers and producer organizations at the centre,” he added.
