Financing Landscape for Agricultural Development
Analysis of External Financing Flows to Low- and Middle-Income Countries and of the Global Aid Architecture
Most low- and middle-income countries (LMICs) are not on track to achieve Sustainable Development Goal 2 (SDG 2), “end hunger, achieve food security and improved nutrition and promote sustainable agriculture.” While national policies are the key to reversing this trend, donors have a critical role to play by providing official development assistance (ODA), technical assistance, and by financing global public goods. Improving the volume, impact, and efficiency of ODA for agricultural development (AgDev) is critical for helping to achieve SDG 2, especially targets SDG 2.3 (double smallholder productivity and incomes) and 2.4 (ensuring production systems are environmentally sustainable).
This project will analyze the overall ecosystem of global grants and concessional loans for AgDev to better understand key trends in ODA flows, how well this ecosystem is working, and how its effectiveness, impact, and efficiency could be improved to accelerate the progress of LMICs towards achieving SDG 2. A related purpose is to understand the financing approaches, governance, impact, strengths, and weaknesses of the four leading multilateral AgDev financiers: the International Fund for Agricultural Development (IFAD), the Global Agriculture and Food Security Program (GAFSP), the African Development Fund (AfDF), and the World Bank’s International Development Association (IDA). This analysis of the four financiers will identify potential ways in which they could work more effectively in achieving SDG 2. Overall, the project aims to contribute to a stronger ecosystem for AgDev financing, which ultimately will help to address major challenges faced by smallholder farmers. Duke University’s World Food Policy Center (WFPC) will lead the project, with the support of the Center for Policy Impact in Global Health (CPIGH) in the Duke Global Health Institute, and Open Consultants.
- Sarah Zoubek, MEM
- Kelly Brownell, Ph.D.
- Gavin Yamey, Center for Policy Impact in Global Health in the Duke Global Health Institute
- Open Consultants