Agriculture and its related sectors directly affect billions of people around the world. The sector employs over 40 percent of the global population, including 70 percent of the “bottom billion.” Some 75 percent of the world’s poor depend on it for their income.
Agriculture also accounts for more than 70 percent of the world’s fresh water consumption and contributes up to 29 percent of global greenhouse gas (GHG) emissions. While the demand for food is expected to increase by 50 percent by 2050, supply is coming under pressure from shifting weather patterns and demands on land availability. About $83 billion is required annually at a global level to address these issues. So developing the required infrastructure and improving efficiency along the agriculture value-chain are critical to making a direct positive impact in the lives of the poor. Most of this investment is expected to come from the private sector.
IFC is helping governments leverage the expertise and innovations of the private sector to improve their agriculture sector, from improved grain transport and storage to irrigation technology.
EXAMPLES OF WHAT WE DO:
PARTNERSHIP IQ: GRAIN STORAGE
Lessons from India in the development of grain storage PPPs: from specific bid requirements and clauses in draft contracts, the importance of ensuring early understanding and acceptability of project structures by investors, to the critical role of transparency.
HANDSHAKE #5: FOOD
In this issue of Handshake, leading thinkers examine how PPPs in agriculture can help governments feed generations to come. They also explore many different aspects of and solutions to food scarcity.
A HARVEST OF PRACTICAL INSIGHTS
Lessons learned in agriculture, agribusiness, sustainable rural development, and climate change, spanning a wide range of countries, regions and agricultural commodities to help people improve their income through agriculture as a way to lift themselves out of poverty.
MOROCCO: GUERDANE IRRIGATION
Recurring and persistent droughts force Moroccan farmers to rely heavily on irrigation. The Guerdane project reduced the risk of depleting underground water resources and safeguarded the agricultural industry.