WASHINGTON — The World Bank has launched a new trust fund aimed at leveraging public financing, private sector investments, and consumer spending to transform food systems.
The Food Systems 2030 Trust Fund intends to raise — and spend — $1 billion by 2030 to support new agriculture and food models that jointly improve the health of people, economies, and the planet.
“The gap that it’s filling is one in terms of approach. You need to think beyond agriculture to think about food systems transformation if you want to have food systems for healthy people, a healthy planet, [a] healthy economy. So this trust fund could actually help in putting this comprehensive approach in place,” said Martien Van Nieuwkoop, global director of the Agriculture and Food Global Practice at the World Bank.