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Agriculture can help reduce poverty for 75% of the world's poor, who live in rural areas and work mainly in farming. It can raise incomes, improve food security and benefit the environment. The World Bank Group is a leading financier of agriculture, with $8.1 billion in new commitments in 2013.
Climate-Smart Agriculture and the World Bank Group The World Bank has significantly scaled up its engagement and investment in climate-smart agriculture (CSA). In its Climate Change Action Plan (2021- 2025), the World Bank has identified Agriculture, Food, Water and Land as one of the five key transitions needed to tackle the Paris Agreement.
MANILA, September 9, 2020—Transforming Philippine agriculture into a dynamic, high-growth sector is essential for the country to speed up recovery, poverty reduction and inclusive growth, according to the latest report released by the World Bank.
Land and returns to scale in agriculture: The 2007/08 commodity price boom triggered a global “land rush,” with investors especially eager to acquire agricultural land in Sub- Saharan Africa. Analysis of new data from Ethiopia shows that, even at the peak of the land rush, the bulk of land transferred to investors went to Ethiopians rather ...
Agriculture and Food Agriculture can help reduce poverty, raise incomes and improve food security for 80% of the world's poor, who live in rural areas and work mainly in farming. The World Bank Group is a leading financier of agriculture.
While agriculture’s share in India’s economy has progressively declined to less than 15% due to the high growth rates of the industrial and services sectors, the sector’s importance in India’s economic and social fabric goes well beyond this indicator. First, nearly three-quarters of India’s families depend on rural incomes.
Agriculture finance empowers poor farmers to increase their wealth and facilitates the development of food value chains for feeding 9 billion people by 2050. Our work in agriculture finance helps clients provide market-based financial services, and fund long-term and green investments to support sustainable agriculture and agri-food value chains.
This December, the Bank released a ground-breaking report looking at the valuable role farming insects can play in both food security and climate-smart agriculture, Insect and Hydroponic Farming in Africa: The New Circular Food Economy. While two billion people regularly eat insects harvested in the wild, farming them for food at scale is new.
From 2013-2017, the report notes the agriculture sector contributed on average 21.9% of gross domestic product (GDP), with at least 56% of the total labor force employed in agriculture in 2017. Agriculture is also responsible for most of the country’s exports, accounting for up to 65% of merchandise exports in 2017.
Climate-Smart Agriculture; Safeguarding Animal, Human and Ecosystem Health: One Health at the World Bank; Opportunities for Climate Finance in the Livestock Sector: Removing Obstacles and Realizing Potential; Minding the Stock: Bringing Public Policy to Bear on Livestock Sector Development