Private, Public Sectors Partner for Global Food Safety

The World Bank and the U.S. Agency for International Development, together with two private corporations, launched the Global Food Safety Fund Saturday (Nov. 12) to help Asia-Pacific Economic Cooperation leaders ensure the safety of global food supplies.

Apart from improving food safety standards around the world, the fund — which was made possible through public-private partnerships and is said to be the “first of its kind” — will help educate food producers and food processors expand their knowledge and understanding of the global food supply and reduce the risk of food-borne illnesses.

The fund will be managed by the World Bank and will be starting with a $1 million pledge, of which $250,000 will come from USAID and $500,000 from Mars Inc., a leading food company. Waters Corp., maker of scientific instruments and a partner in the initiative, has also pledged to make a donation.

The fund will develop pilot programs for the first three years of its operation while continuing to solicit funding to reach its target budget of $15 million to $20 million in the next decade.

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About the author

  • Jenny Lei Ravelo

    Jenny Lei Ravelo is a Devex Senior Reporter based in Manila. She covers global health, with a particular focus on the World Health Organization, and other development and humanitarian aid trends in Asia Pacific. Prior to Devex, she wrote for ABS-CBN, one of the largest broadcasting networks in the Philippines, and was a copy editor for various international scientific journals. She received her journalism degree from the University of Santo Tomas.