The Global Agriculture and Food Security Program Announces New Round of Grants to Fight Hunger and Poverty. Six Countries are to Receive $177 Million to Increase Incomes and Improve Food Security. These funds could potentially see the expansion of HGSF programmes and increased food security.
Partners in the Global Agriculture and Food Security Program (GAFSP), a fund that supports country-led efforts to fight hunger and poverty, today announced that six countries will receive grants totaling $177 million. The grants – to Burundi, the Gambia, Kyrgyz Republic, Malawi, Senegal, and Tanzania – will help each country increase food security, raise rural incomes, and reduce poverty.
International food prices remain volatile and high with the 2011 annual index 24 percent higher than its average in 2010. Prices of certain foods remain dangerously high in many countries, leaving millions of people at risk of malnutrition and hunger, many of them children. In developing countries that face more volatile international markets, it is essential to increase the productivity and resiliency of food production.
"The Global Agriculture and Food Security Program has quickly proven to be one of the most innovative and effective development programs the global community has created," said Lael Brainard, Under Secretary of the United States Treasury for International Affairs. "GAFSP will raise the incomes of 7.5 million smallholder farmers and their families. These new grants will meet the high global demand for agricultural resources to achieve food security. Continued financial support from the development community is critical to maintaining momentum in the fight to achieve sustainable, lasting solutions to hunger and poverty."
Launched in April 2010, GAFSP represents a global effort to aid vulnerable populations afflicted by hunger and poverty. It takes up where emergency and recovery assistance leaves off, targeting transformative and lasting change in agriculture and food security within poor countries through financial support to existing aid effectiveness processes.
Continue Reading in the original article from the World Bank, Global Agriculture and Food Security Program Announces New Round of Grants to Fight Hunger and Poverty.
And from Devex, Global Agriculture Funds Allocates $177 for 4th Grant Recipients