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.