GAFSP Commits to Global Alliance Against Hunger and Poverty With Over $180 Million in Support

The Global Agriculture and Food Security Program (GAFSP), the only multilateral financing and partnership platform focused on food and nutrition security, has stepped up its efforts in the fight against hunger. Building on its $2.5 billion global portfolio benefiting over 20 million people in 55 low-income countries, GAFSP has now formally committed to deploy up to US$182 million in financing under the Global Alliance against Hunger and Poverty, assembled under Brazil’s G20 Presidency.  GAFSP will also participate in the Global Alliance’s sprint area focused on smallholder and family farming support programs. The sprint area seeks to strengthen country-owned programs in developing countries by improving their quality through additional expertise and co-financing the implementation of national policies that empower smallholder and family farmers, boosting investments as needed.

GAFSP’s commitments were announced on October 24th during a high-level roundtable event co-hosted by GAFSP and Brazil’s G20 Presidency. James Catto, Chair of the GAFSP Steering Committee, said: “With over a decade of proven experience and best practices ready to scale, GAFSP is in a unique position to support implementation of the aims of the Global Alliance. GAFSP’s comprehensive financing toolkit can help the objectives of the Alliance become a reality on the ground in low-income countries.”

Speaking on behalf of Brazil’s G20 Presidency, Camila Costa of the Ministry of Finance, said: “The Global Alliance welcomes the forthcoming partnership with GAFSP. Together, we can ensure countries facing the highest levels of food and nutrition security can find solutions – and that international partners are aligned with their own goals and objectives for addressing hunger, malnutrition, and multidimensional rural poverty.”

As the UN Decade of Family Farming enters its next phase, GAFSP will continue to elevate its direct support to organizations of smallholder producers in low-income countries. GAFSP plans to launch a new call for proposals in 2025 to benefit producer organization-led projects focused on implementing, improving, or scaling-up support services for member smallholder producers. GAFSP will also unlock more private and climate finance for investments in smallholder farmers and family farming in low-income countries, particularly through a new $75 million financing window called the Business Investment Financing Track (BIFT).