• News
    • Latest news
    • News search
    • Health
    • Finance
    • Food
    • Career news
    • Content series
    • Try Devex Pro
  • Jobs
    • Job search
    • Post a job
    • Employer search
    • CV Writing
    • Upcoming career events
    • Try Career Account
  • Funding
    • Funding search
    • Funding news
  • Talent
    • Candidate search
    • Devex Talent Solutions
  • Events
    • Upcoming and past events
    • Partner on an event
  • Post a job
  • About
      • About us
      • Membership
      • Newsletters
      • Advertising partnerships
      • Devex Talent Solutions
      • Contact us
Join DevexSign in
Join DevexSign in

News

  • Latest news
  • News search
  • Health
  • Finance
  • Food
  • Career news
  • Content series
  • Try Devex Pro

Jobs

  • Job search
  • Post a job
  • Employer search
  • CV Writing
  • Upcoming career events
  • Try Career Account

Funding

  • Funding search
  • Funding news

Talent

  • Candidate search
  • Devex Talent Solutions

Events

  • Upcoming and past events
  • Partner on an event
Post a job

About

  • About us
  • Membership
  • Newsletters
  • Advertising partnerships
  • Devex Talent Solutions
  • Contact us
  • My Devex
  • Update my profile % complete
  • Account & privacy settings
  • My saved jobs
  • Manage newsletters
  • Support
  • Sign out
Latest newsNews searchHealthFinanceFoodCareer newsContent seriesTry Devex Pro
    • News
    • Food systems

    Financing is key to food systems reform, say leaders at UN event

    Delegates at the U.N. Food Systems Pre-Summit said Monday that adequate financing will be key to delivering on their agenda.

    By Teresa Welsh // 27 July 2021
    Signs at the pre-summit of the U.N. Food Systems Summit. Photo by: ©FAO / Carlo Perla

    United Nations officials, world leaders, farmers, private sector actors, and civil society members sounded the alarm about the urgent need to properly fund global food systems reform as the Food Systems Pre-Summit opened in Rome on Monday.

    U.N. Secretary-General António Guterres told delegates gathered for the three-day event, taking place in person and online, that the world is at a “pivotal moment” to galvanize progress on the Sustainable Development Goals — all 17 of which are linked to how the world produces, transports, sells, and consumes food.

    “How do we use financing as a lever to reduce negative costs and enhance the benefits associated with farming and food?”

    — Martien van Nieuwkoop, global director for agriculture and food global practice, World Bank

    “Poverty, income inequality, and the high cost of food continue to keep healthy diets out of the reach of some 3 billion people. Climate change and conflict are both consequences and drivers of this catastrophe,” Guterres said. “The [COVID-19] pandemic, which still assails us, has highlighted the links between inequality, poverty, food, disease, and our planet. Our war against nature includes a food system that generates one-third of all greenhouse gas emissions. And the same food system is responsible for up to 80% of biodiversity loss.”

    Guterres, who in 2019 announced that the U.N. would convene a summit on food systems, will host the main event in New York in September, although an exact date has yet to be announced. The summit infrastructure split the topic of food systems into five “action tracks,” around which participants have hosted a series of virtual dialogues to gather feedback and ideas. Anyone in the world was invited to convene an independent dialogue to suggest possible solutions.

    Help improve our #FoodSystems – become a #FoodSystemsHero

    "Thank you for your work so far, in making this both a People’s Summit and a solutions Summit." United Nations Secretary-General António Guterres is speaking to YOU – the tens of thousands who have joined the #UNFSS2021 process! Help improve our #FoodSystems – become a #FoodSystemsHero: bit.ly/Food-Systems-Hero

    Posted by United Nations Food Systems Coordination Hub on Monday, July 26, 2021
    U.N. Secretary-General António Guterres at the Food Systems Pre-Summit. Via Facebook.

    On Monday, world leaders called on one another to increase funding for food systems reform, with Italian Prime Minister Mario Draghi saying the pandemic has accelerated the speed at which changes must be made as global hunger numbers spike. “The State of Food Security and Nutrition in the World 2021,” released earlier this month, found that 118 million more people went hungry in 2020 compared with 2019.

    “The health crisis has led to a food crisis. We’ve taken commitments to make sure that vaccines are available to the world’s poorest. We must act just as forcefully and improve access to adequate food supplies,” Draghi said. “We need more funding from governments and development banks to reduce risks for investors in the agricultural sector and improve access to credit, especially for smaller farmers.”

    Dire warnings for pandemic-era hunger levels realized, report shows

    Predictions of the pandemic's influence on global hunger levels have been realized as around 118 million more people faced hunger last year than in 2019, according to this year's "The State of Food Security and Nutrition in the World" report.

    The World Bank has been working with other entities to “rethink” financial incentives that govern food systems, said Martien van Nieuwkoop, global director for agriculture and food global practice at the bank. He told delegates that the costs and benefits of the food system are “totally out of sync” and leading to hidden costs — including malnutrition, deforestation, and pollution — of about $12 trillion per year. That’s more than the market value of food systems, estimated at $10 trillion.

    “How can you put in place clear incentives towards healthier outcomes for people, planet, and the economy? How do we use financing as a lever to reduce negative costs and enhance the benefits associated with farming and food?” van Nieuwkoop said.

    Realigning public policies, making private sector investments greener, and increasing consumer access to healthy food are three ways to do that, he said.

    “We think the world needs concrete measures to level the playing field for socially and environmentally and nutritionally responsible food production,” van Nieuwkoop said.

    • Agriculture & Rural Development
    • Funding
    • Rome, Italy
    Printing articles to share with others is a breach of our terms and conditions and copyright policy. Please use the sharing options on the left side of the article. Devex Pro members may share up to 10 articles per month using the Pro share tool ( ).

    About the author

    • Teresa Welsh

      Teresa Welshtmawelsh

      Teresa Welsh is a Senior Reporter at Devex. She has reported from more than 10 countries and is currently based in Washington, D.C. Her coverage focuses on Latin America; U.S. foreign assistance policy; fragile states; food systems and nutrition; and refugees and migration. Prior to joining Devex, Teresa worked at McClatchy's Washington Bureau and covered foreign affairs for U.S. News and World Report. She was a reporter in Colombia, where she previously lived teaching English. Teresa earned bachelor of arts degrees in journalism and Latin American studies from the University of Wisconsin.

    Search for articles

    Related Stories

    Food systems2025 in food systems: 9 key things to watch

    2025 in food systems: 9 key things to watch

    Food SystemsHow ADB plans to invest $40B in food systems by 2030

    How ADB plans to invest $40B in food systems by 2030

    Food systemsOpinion: Investing in agrifood systems is a safer bet than military spending

    Opinion: Investing in agrifood systems is a safer bet than military spending

    Food systemsAid cuts spark a rethink of African food systems rooted in agroecology

    Aid cuts spark a rethink of African food systems rooted in agroecology

    Most Read

    • 1
      How low-emissions livestock are transforming dairy farming in Africa
    • 2
      Opinion: Mobile credit, savings, and insurance can drive financial health
    • 3
      Opinion: India’s bold leadership in turning the tide for TB
    • 4
      How AI-powered citizen science can be a catalyst for the SDGs
    • 5
      Strengthening health systems by measuring what really matters
    • News
    • Jobs
    • Funding
    • Talent
    • Events

    Devex is the media platform for the global development community.

    A social enterprise, we connect and inform over 1.3 million development, health, humanitarian, and sustainability professionals through news, business intelligence, and funding & career opportunities so you can do more good for more people. We invite you to join us.

    • About us
    • Membership
    • Newsletters
    • Advertising partnerships
    • Devex Talent Solutions
    • Post a job
    • Careers at Devex
    • Contact us
    © Copyright 2000 - 2025 Devex|User Agreement|Privacy Statement