US Treasury Announces New Funding for Food Security

The United States today announced it will contribute US$155 million to the Global Agriculture and Food Security Program (GAFSP) to improve the resilience and sustainability of agriculture and food systems in the face of ongoing crises. A new White House Fact Sheet states this new contribution will “support projects that raise agricultural productivity, link farmers to markets, improve livelihoods, reduce vulnerability, and enhance resilience to shocks” in the world’s poorest countries. 

Since its inception in 2010, the US has contributed over US$668 million to GAFSP to support public and private sector projects across 50 low-income countries. As of April 2022, Mr. Nicholas Strychacz, Deputy Director of the Office of International Development Policy at the US Treasury Department, serves as Co-Chair of the GAFSP Steering Committee.

"We are grateful to the US for its staunch support of the Program. GAFSP was created in the wake of the last food price crisis, with the aim of complementing immediate, humanitarian responses by investing in medium- to long-term agricultural development. Today, we face yet another food security crisis and GAFSP is prepared to step up and respond. We look forward to continuing to work with the US, and other Steering Committee members, to ensure that farmers and wider food systems can become more resilient and sustainable, in times of crisis and beyond.” — Ms. Kathryn Hollifield, GAFSP Program Manager