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Last Updated: Oct 09, 2024. Agriculture can help reduce poverty for 75% of the world's poor, who live in rural areas and work mainly in farming. It can raise incomes, improve food security and benefit the environment. The World Bank Group is a leading financier of agriculture, with $8.1 billion in new commitments in 2013.
The 19 th Kenya Economic Update, Unbundling the Slack in Private Investment, says agriculture is a major driver of growth for the Kenyan economy and is the dominant source of employment. From 2013-2017, the report notes the agriculture sector contributed on average 21.9% of gross domestic product (GDP), with at least 56% of the total labor ...
The Role of Agriculture and Rural Development in Ending Poverty and Boosting Shared Prosperity. Three-quarters of the world’s poor live in rural areas and most earn their living from farming. Enhancing agricultural productivity is thus essential to achieving poverty reduction. Productivity growth in agriculture is also the driving force ...
Agricultural development is one of the most powerful tools to end extreme poverty, boost shared prosperity and feed a projected 9.7 billion people by 2050. Growth in the agriculture sector is two to four times more effective in raising incomes among the poorest than other sectors. Projects.
The AGCOM project has signed 265 productive alliances, showing that catalyzing agricultural commercialization at the local level is possible. Better policies and more investment in the rural economy could lift Malawi ’s economy out of its current low-growth equilibrium. LILONGWE, December 14, 2022 - Before sunrise, multitudes of people pour ...
Myanmar: Analysis of Farm Production Economics. Myanmar’s farms are well diversified, with most farms producing rice paddy during the monsoon season and other crops such as beans, pulses, oilseeds and maize, during the cool and dry seasons. The study finds that agricultural productivity in Myanmar is low. For example, to harvest rice, one day ...
Food Security. Like the previous year, news in agriculture and food in 2021 was dominated by deteriorating food security. Approximately 30 percent of the world’s population lacked access to adequate food in 2020 and into 2021. The World Bank took action to fight food insecurity around the world, providing immediate aid to vulnerable ...
Challenge. Agriculture is crucial for Rwanda’s growth and reduction of poverty, as the backbone of the economy, it accounts for 39 percent of gross domestic product (GDP), 80 percent of employment, 63 percent of foreign exchange earnings, and 90 percent of the country’s food needs. The sector is challenged by land constraints due to ...
The 8th edition of the Mozambique Economic Update (MEU): Getting Agricultural Support Right focuses its analysis on the potential offered by agriculture to promote a sustainable and more inclusive recovery, and outlines reform options to realign agricultural support policies to achieve competitiveness, climate resilience and food security objectives. In its first section, the report assesses ...
Agriculture finance empowers poor farmers to increase their wealth and facilitates the development of food value chains for feeding 9 billion people by 2050. Our work in agriculture finance helps clients provide market-based financial services, and fund long-term and green investments to support sustainable agriculture and agri-food value ...