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
Egypt receives $3.5 billion initial payment from Qatar-backed coastal project Deal targets Mediterranean real estate and tourism...
GTCO wins CBN and SEC approval for 10 billion naira private placement Fundraise aims to meet holding company prudential capital...
Togo parliament approves 2026 budget at 2,751.5 billion CFA francs Budget rises 12.93% from revised 2025 spending levels Measures include...
Creditinfo licensed to operate credit bureau across six CEMAC countries Bureau to collect borrower data, expand regional credit information...
Most Read
01

The BCID-AES launches with 500B CFA to fund Sahel infrastructure, asserting sovereignty from the B...

AES Launches Confederal Investment Bank: A Strategic Pivot Toward Sahelian Financial Sovereignty
02

Kenya’s CMA licensed Safaricom and Airtel Money as Intermediary Service Platform Providers (ISPPs)...

Safaricom and Airtel Money Licensed to Facilitate Capital Markets Access in Kenya
03

Nomba brings Apple Pay to 300k Nigerian shops. Following Paystack, this "second row" move enables ...

Beyond Online Checkouts: Apple Pay Finds a Second Row into Nigeria via Nomba
04

NALA has secured PSP and PSO licenses from the Bank of Uganda, adding to its 2024 Money Remittance...

NALA Secures Triple Licensing in Uganda, Accelerating East African Fintech Expansion
05

The Gates Foundation and ADQ launched a four-year initiative to transform education in sub-Saharan...

Gates Foundation, ADQ Invest $40M in AI for African Education
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.