G8 African Alliance for Food Security launched
May 20th 2012
At the Camp David Summit, G8 and African leaders have launched a New Alliance for Food Security and Nutrition, the next phase of their shared commitment to achieving global food security.
In partnership with Africa’s people and leaders, G8 countries aim to increase responsible domestic and foreign private investments in African agriculture, take innovations that can enhance agricultural productivity to scale, and reduce the risk borne by vulnerable economies and communities.
The New Alliance for Food Security and Nutrition is a shared commitment to achieve sustained and inclusive agricultural growth and raise 50 million people out of poverty over the next 10 years. It will align the commitments of Africa’s leadership to drive effective country plans and policies for food security; the commitments of private sector partners to increase investments where the conditions are right; and the commitments of the G8 to expand Africa’s potential for rapid and sustainable agricultural growth.
The World Bank, African Development Bank, the United Nation’s World Food Program, International Fund for Agricultural Development, and Food and Agriculture Organization have pledged support to the New Alliance.
The Alliance will announce the signing of Letters of Intent from over 45 local and multinational companies to invest over $3 billion across the agricultural value chain in Grow Africa countries, and the signing by over 60 companies of the Private Sector Declaration of Support for African Agricultural Development outlining their commitment to support African agriculture and public-private partnerships in a responsible manner.
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