Due to the worldwide COVID-19 pandemic, an additional $10 billion is urgently needed to prevent millions more people becoming food insecure, according to a new report by Cornell, the International Food Policy Research Institute and the International Institute for Sustainable Development as part of the Ceres2030 project. Half that amount must come from donor governments as aid, with the rest provided by developing countries.
COVID-19 has triggered a global food emergency, as the number of people facing starvation could double to 265 million by the end of 2020. Samir Ibrahim at SunCulture explores how solar-powered irrigation systems can help smallholder farmers combat this crisis by drastically improving their yields – and discusses three reasons why smart subsidies can address the affordability barrier.
Report: Preservation Tech is the Key to Driving Higher Margins and Avoiding $1 Trillion in Losses Across the Agrifood Value Chain
A new report by Lux Research, “Preserving the Food Chain,” outlines key protection and preservation technologies to help companies achieve significant reductions in both pre-consumer food loss and post-consumer food waste.
Who Should Get COVID-19 Funding? How MIT D-Lab’s ‘Urgency Index’ is Helping it Deploy Grants to the Entrepreneurs Who Need Them Most
Entrepreneurs in emerging markets face unprecedented challenges during COVID-19, and there are many organizations working to support them. But as Jona Repishti at MIT D-Lab and Sagar Tandon at Moonshot Ventures explain, it can be hard to determine which of these enterprises are most in need. They explore the process that D-Lab's Bridge fund uses to target its grants for maximum impact.
'Investing in women and girls is essential to deliver on the promise of development. It's that simple,' said Hafez Ghanem, World Bank Vice President for Africa. 'That's why we have helped our clients with over $2.2 billion of new World Bank-financed projects investing in women's health, education, and job opportunities.
A New Test for Old Technology: How COVID-19 is Sparking Innovation in PayGo Financing for Biodigesters
Biodigesters transform animal manure into high-quality fertilizer and biogas, replacing the need for wood-burning cooking stoves – and PayGo financing enables smallholders to afford them. But as Laura Harwig at Feed the Future explains, COVID-19 has made it harder for farmers to make their payments. She explores how the biodigester company ATEC* has adapted its PayGo model to help farmers weather these challenges.
Blue Finance and Ocean Outcomes Become First Grant Recipients of Convergence’s Asia Natural Capital Window
With funding from the RS Group for its Asia Natural Capital Design Funding Window, Convergence awards Blue Finance and Ocean Outcomes (O2) design-stage grants for blended finance solutions targeting Sustainable Development Goal 14–Life below Water.
Farmers and fresh produce traders in the South Rift region have turned to social media and farm-based sales to bridge the market gaps brought by the Covid-19 pandemic.
- North Africa & Near East