Public Management

Sahel: FAO secures US$2 bln pledge to fight food insecurity

Sahel: FAO secures US$2 bln pledge to fight food insecurity
Tuesday, 12 April 2022 18:40

The Food and Agriculture Organization of the United Nations (FAO) obtained nearly US$2 billion in funding pledges from the international community to combat food insecurity in the Sahel and Lake Chad region. The information was disclosed in a press release, published, Thursday (April 7) by the organization on its website.  

The pledges represent almost half of the humanitarian appeal launched by the FAO. The proceeds are intended for emergency assistance and to strengthen "the resilience of vulnerable people and agri-food systems" in the affected regions. 

Part of the funds pledged will come from the European Union (€654 million) in the framework of its 2021-2024 assistance program “to provide a long-term development assistance response to the structural food crisis in the seven most affected countries.”   

According to FAO Deputy Director-General Laurent Thomas (photo), this aid will help meet the humanitarian needs of 41 million people this year. The official calls for “significant efforts (...) to provide an immediate response but also to address the root causes of this crisis, otherwise, levels of acute hunger will continue to rise.” 

The EU estimates that currently, 29.5 million people living in the project areas need emergency humanitarian assistance.

"There is absolute urgency to re-invest in local food production together with humanitarian food assistance and safety nets. Investing in saving agricultural livelihoods today means saving the lives of millions tomorrow. Countries of the Sahel region need to invest in making agrifood systems more efficient, inclusive, resilient, and sustainable," Laurent Thomas said. 

Between 2019 and 2022, the number of people affected by acute food insecurity rose from 10.8 million to 40.7 million. For FAO, “millions more [are] at risk of slipping into a crisis or worse."

Jean-Marc Gogbeu

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
South Africa’s Happy Pay raises $5 million to expand BNPL services Funds to boost partnerships, technology, and fraud prevention...
Boston Consulting Group estimates Africa’s creative exports could reach $140–150 billion by 2030. The sector currently generates $59...
Ivory Coast outlined eight budget priorities focused on reforms, performance, and revenue mobilization. Authorities aim to complete the IMF-backed...
(SOUTHBRIDGE) - SouthBridge Investments announced its selection, for the second time, as an Emerging Impact Manager (EIM) in the ImpactAssets 50® (IA 50)...
Most Read
01

Telecel Ghana to boost network investment by 150% in 2026 Expansion targets capacity, reliabi...

Telecel Ghana plans 150% investment increase in MTN-dominated market
02

Namibia and Russia agreed to expand cooperation across energy, mining, and agriculture. Both coun...

Namibia and Russia Expand Economic Cooperation Across Key Sectors
03

Four years after Russia’s 2022 invasion of Ukraine, the fertilizer market is facing a new shock as m...

Hormuz Tensions Rattle Fertilizer Markets, Adding Pressure to Global Food Supply
04

Cameroon signs MoUs for $1.5 billion waste-to-energy projects Plans target waste treat...

Cameroon Signs $1.5 Billion Waste-to-Energy MoUs Amid Urban Sanitation Strain
05

Côte d’Ivoire raises 110bn CFA francs, meeting full target Investor demand hits 291bn CFA fra...

Côte d’Ivoire Raises $193 Million as Banks Drive Demand for Short-Term Bills
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.