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°µÍø½ûÇø Commits to Global Alliance Against Hunger and Poverty With Over $180 Million in Support

The Global Agriculture and Food Security Program (°µÍø½ûÇø), the only multilateral financing and partnership platform focused on food and nutrition security, has stepped up its efforts in the fight against hunger. Building on its $2.5 billion global portfolio benefiting over 20 million people in 55 low-income countries, °µÍø½ûÇø has now formally committed to deploy up to US$182 million in financing under the Global Alliance against Hunger and Poverty, assembled under Brazil’s G20 Presidency.  °µÍø½ûÇø will also participate in the Global Alliance’s sprint area focused on smallholder and family farming support programs. The sprint area seeks to strengthen country-owned programs in developing countries by improving their quality through additional expertise and co-financing the implementation of national policies that empower smallholder and family farmers, boosting investments as needed.

°µÍø½ûÇøâ€™s commitments were announced on October 24th during a high-level roundtable event co-hosted by °µÍø½ûÇø and Brazil’s G20 Presidency. James Catto, Chair of the °µÍø½ûÇø Steering Committee, said: “With over a decade of proven experience and best practices ready to scale, °µÍø½ûÇø is in a unique position to support implementation of the aims of the Global Alliance. °µÍø½ûÇøâ€™s comprehensive financing toolkit can help the objectives of the Alliance become a reality on the ground in low-income countries.â€

Speaking on behalf of Brazil’s G20 Presidency, Camila Costa of the Ministry of Finance, said: “The Global Alliance welcomes the forthcoming partnership with °µÍø½ûÇø. Together, we can ensure countries facing the highest levels of food and nutrition security can find solutions – and that international partners are aligned with their own goals and objectives for addressing hunger, malnutrition, and multidimensional rural poverty.â€

As the UN Decade of Family Farming enters its next phase, °µÍø½ûÇø will continue to elevate its direct support to organizations of smallholder producers in low-income countries. °µÍø½ûÇø plans to launch a new call for proposals in 2025 to benefit producer organization-led projects focused on implementing, improving, or scaling-up support services for member smallholder producers. °µÍø½ûÇø will also unlock more private and climate finance for investments in smallholder farmers and family farming in low-income countries, particularly through a new $75 million financing window called the Business Investment Financing Track (BIFT). 

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