Photo of the Week: A New Commitment to Food Security

May 18, 2012

Across the world, about a billion people are chronically hungry. Today, President Barack Obama announced the New Alliance for Food Security and Nutrition, a G8 initiative that aims to spark private sector investments in African agriculture. The New Alliance aims to lift 50 million people out of poverty over the next 10 years. Already, nearly 50 private sector companies have pledged to invest more than $3 billion in this effort.

Across the world, some 1 billion men, women and children are chronically hungry. In sub-Saharan Africa alone, one out of every three people are undernourished. That's the highest proportion in the world.

Today, President Barack Obama announced the New Alliance for Food Security and Nutrition, a G8 initiative that aims to tackle this imperative by sparking private sector investments in African agriculture. The New Alliance aims to lift 50 million people out of poverty over the next 10 years. Already, nearly 50 private sector companies have pledged to invest more than $3 billion in this effort. 

"We can unleash the change that reduces hunger and malnutrition,” Obama said. “We can spark the kind of economic growth that lifts people and nations out of poverty. This is the new commitment that we're making."

TechnoServe applauds today’s announcement. We believe that building competitive farms, businesses and industries is the best way to promote food security in the developing world. And markets require investment and participation from the private sector. Partnerships that bring together smallholder farmers, the private sector, governments and other stakeholders can help create a strong agricultural sector, "one of the most effective ways to pull people and entire nations out of poverty," as the President said today.

TechnoServe looks forward to supporting the goals of the New Alliance – and ensuring that people have access to the food they need.

 

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