Agriculture has taken center stage at this year’s World Bank and International Monetary Fund annual meetings — not as a side note on food security, but as a cornerstone of the bank’s new growth strategy.
Following its pledge to double agribusiness investments to $9 billion a year by 2030, the institution launched AgriConnect, a platform designed to channel more financing to smallholder farmers and build stronger rural markets.
The pivot was long overdue, Anup Jagwani, the International Finance Corporation’s global head of agribusiness, said during a Devex Impact House event on the sidelines of the annual gathering.
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About the author
Ayenat Mersie
Ayenat Mersie is a Global Development Reporter for Devex. Previously, she worked as a freelance journalist for publications such as National Geographic and Foreign Policy and as an East Africa correspondent for Reuters.
