IFC invests in agribusiness companies to enhance food security by increasing production, reducing losses, and raising incomes.
By 2050, there will be two billion more people in the world; a 70 percent increase in global food production will be needed to feed them. Most of the additional investment must come from the private sector.
While sustainability, pressure on natural resources, climate change, and access to affordable food remain key challenges, they also present opportunities.
Agricultural development has tremendous potential to enhance food security while creating opportunities and raising income for the world’s poor, three-quarters of whom live in rural areas. In low-income countries, the agricultural sector often accounts for half or more of GDP and 60 to 80 percent of total employment.
IFC, a member of the World Bank Group that works with the private sector to improve the livelihoods of the poor, has made food security a strategic priority. We work with our client companies to raise agricultural productivity in developing countries while also supporting policies to protect land rights for the most vulnerable small farmers. In addition, we work with the World Bank to help governments put transparent laws in place.
EXAMPLES OF WHAT WE DO
Helping Dairy Sector in Uganda to Achieve Its Potential
How do you replicate the success of dairy processing technology in India to build a state-of-the-art milk processing plant thousands of miles away in Uganda?
Ukraine, a major grain exporter, is also home to some of the most efficient poultry producers in the world. Myronivky Hliboproduct (MHP) is the largest, and a leader in the modernization of Ukraine’s agriculture sector. IFC has supported MHP through various stages of its growth.
Even in fast-growing China, many small-scale farmers still use unsophisticated fertilizing methods, thus limiting their crop yields and sales incomes. By financing a local fertilizer company’s expansion, IFC is improving prospects for millions of growers.