The World Bank plans to deploy as much as $14 bn to boost global agribusiness by 2030 through a new programme tagged AgriConnect, part of a broader effort to create jobs and drive inclusive growth in developing economies.<\/p>\n
The initiative, announced during the World Bank Group\u2013International Monetary Fund Annual Meetings under the theme \u201cFrom Sectors to Systems: Building Job-Rich Economies at Scale\u201d, is designed to help shift smallholder farming from subsistence to profit-driven enterprise. The lender says AgriConnect could generate millions of jobs while strengthening food systems and rural economies in low- and middle-income countries.<\/p>\n
World Bank President, Ajay Banga, said the programme marks a major shift in the institution\u2019s approach from financing isolated projects to building entire economic ecosystems that can deliver sustainable job creation.<\/p>\n
\u201cWe\u2019ve set a target to double our agribusiness commitments to $9bn annually by 2030, aiming to mobilise an additional $5bn,\u201d Banga said at the launch event, AgriConnect: Farms, Firms, and Finance for Jobs.<\/p>\n
\u201cThis is grounded in what we\u2019ve tested in the field and in lessons borrowed from others. Steal shamelessly and share seamlessly; that is how we succeed together.\u201d<\/p>\n
According to the World Bank, family farms, including more than 500 million smallholders, produce about 80 per cent of the world\u2019s food, yet many remain trapped in poverty without access to markets, finance, or modern technology.<\/p>\n
The AgriConnect campaign calls on governments, private investors, and donor partners to pool resources to close these gaps and make agriculture a major engine of employment and growth.<\/p>\n
The initiative would prioritise investments in infrastructure, digital technology, and policy reforms that help farmers increase productivity, integrate into value chains, and access financing. By doing so, the Bank hopes to strengthen food systems and reduce the risks of unemployment and hunger in rural areas.<\/p>\n
Banga emphasised that the jobs agenda remains central to the World Bank\u2019s mission of ending poverty on a liveable planet.<\/p>\n
Beyond AgriConnect, the Annual Meetings featured broad discussions on how to build job-rich economies at scale, bringing together leaders from governments, civil society, and the private sector. The World Bank\u2019s Development Committee, representing all 189 member countries, reaffirmed support for a faster and more effective institution capable of delivering impact with efficiency.<\/p>\n
At the sidelines, the Leaders\u2019 Speaker Series featured global voices, including Dr. Mona Mourshed, CEO of Generation, and Dr. Rania Al-Mashat, Egypt\u2019s Minister of Planning and International Cooperation, who shared insights on aligning education, innovation, and policy with job creation goals.<\/p>\n
The AgriConnect launch capped a week of engagement that underscored partnership, trust, and collaboration as the bedrock of sustainable development.<\/p>\n
\u201cJobs remain the most reliable route out of poverty. They provide dignity, stability, and hope. Through AgriConnect, we are connecting the dots between farms, firms, and finance to deliver those opportunities at scale”, Banga stated.<\/p><\/div>\n
The World Bank plans to deploy as much as $14 bn to boost global agribusiness by 2030 through a new programme tagged AgriConnect, part of a broader effort to create jobs and drive inclusive growth in developing economies. The initiative, announced during the World Bank Group\u2013International Monetary Fund Annual Meetings under the theme \u201cFrom Sectors […]<\/p>\n","protected":false},"author":67315,"featured_media":349281,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-349233","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/www.thetidenewsonline.com\/wp-json\/wp\/v2\/posts\/349233","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.thetidenewsonline.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.thetidenewsonline.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.thetidenewsonline.com\/wp-json\/wp\/v2\/users\/67315"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thetidenewsonline.com\/wp-json\/wp\/v2\/comments?post=349233"}],"version-history":[{"count":1,"href":"https:\/\/www.thetidenewsonline.com\/wp-json\/wp\/v2\/posts\/349233\/revisions"}],"predecessor-version":[{"id":349286,"href":"https:\/\/www.thetidenewsonline.com\/wp-json\/wp\/v2\/posts\/349233\/revisions\/349286"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.thetidenewsonline.com\/wp-json\/wp\/v2\/media\/349281"}],"wp:attachment":[{"href":"https:\/\/www.thetidenewsonline.com\/wp-json\/wp\/v2\/media?parent=349233"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thetidenewsonline.com\/wp-json\/wp\/v2\/categories?post=349233"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.thetidenewsonline.com\/wp-json\/wp\/v2\/tags?post=349233"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}