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  • Publication | 2022

International Financial Institution (IFI) Action Plan to Address Food Insecurity

Global Food and Nutrition Security

Given serious rising food insecurity, together the IFIs will pursue actions to step up, surge, and scale their work across six priority goals:

  1. vulnerable people: IFIs must provide targeted support to vulnerable populations to meet their immediate needs, including through social safety nets and cash transfers. promoting open trade: IFIs must ramp up financing to facilitate the purchase of food and agricultural inputs and encourage partner countries to maintain open trade policies and avoid export restrictions that could further increase global commodity prices. IFIs must also invest in the accompanying logistics and rural infrastructure so that food is not only grown, but can be cultivated, stored, and transported efficiently.

  2. mitigating fertilizer shortages: Fertilizer is crucial for agricultural production, and shortages will negatively impact yields, food security and nutrition. IFIs must invest in projects to expand fertilizer production and access, increase the efficient use of fertilizer, reduce dependency on chemical fertilizer and innovate for cleaner fertilizer

  3. supporting food production now: IFIs must provide finance to increase supplies of seeds and fertilizer, to help raise productivity for the upcoming planting season and mitigate food supply shortages next year.

  4. investing in climate-resilient agriculture for the future: Looking beyond the near-term challenge, IFIs must increase green investments in agricultural capacity, adaptation, smallholder farmers, food systems and climate-smart technologies to boost client/partner countries’ food production and resilience in the longer-term; and

  5. coordinating for maximum impact: While focusing on their areas of expertise, IFIs will coordinate closely to strengthen the collective response for maximum impact.