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STORY: IFAD / SOFI REPORT 2024
TRT: 02:54
SOURCE: IFAD
RESTRICTIONS: PLEASE CREDIT IFAD ON SCREEN
LANGUAGES: ENGLISH / NATS
DATELINE: 24 JULY 2024, RIO DE JANEIRO, BRAZIL / FILES
24 JULY 2024, RIO DE JANEIRO, BRAZIL
1. Wide shot, IFAD President speaking at G20 Global Alliance against Hunger and Poverty Task Force Ministerial Meeting
2. SOUNDBITE (English) Alvaro Lario, President, International Fund for Agricultural Development (IFAD):
“The 2008 development report already showed that agricultural growth is two to three times more effective at reducing poverty compared to growth in other sectors and eleven times more effective in sub- Saharan Africa. There, if we want to alleviate poverty, we need strategic investments in agriculture, especially in small scale producers who are also vital to food production.”
FILE – SOMALIA
3. Various shots, farmers, IFAD funded projects
24 JULY 2024, RIO DE JANEIRO, BRAZIL
4. SOUNDBITE (English) Alvaro Lario, President, International Fund for Agricultural Development (IFAD):
“We must ensure that existing funds are directed where they are needed most. The SOFI report highlights that countries with the highest food insecurity and malnutrition are also those with the least access to financing, which just exacerbates inequalities."
FILE – SOMALIA
5. Various shots, farmers
FILE - PORT LOKO DISTRICT, SIERRA LEONE
6. Various shots, field work
FILE – UGANDA
7. Aerial shots, field work
FILE – MALAWI
8. Various shots, farmer
FILE – ZIMBABWE
9. Various shots, farmers
FILE – ZIMBABWE
10. Various shots, farmers
FILE – ANGOLA
24 JULY 2024, RIO DE JANEIRO, BRAZIL
11. SOUNDBITE (English) Alvaro Lario, President, International Fund for Agricultural Development (IFAD):
“We need to create the conditions for attracting the private sector, which can provide a lifeline of access to capital, employment, technology, innovation, and markets. For that, we need to go beyond business as usual. For financial organizations like IFAD, this requires increasing our risk appetite and be more involved in de-risking activities.”
FILE – LONDON, UNITED KINGDOM
12. Various SHOTS, IFAD President and team, London Stock exchange
The State of Food Security and Nutrition in the World (SOFI) report, launched this year in the context of the G20 Global Alliance against Hunger and Poverty Task Force Ministerial Meeting in Brazil, warns that the world is falling significantly short of achieving Sustainable Development Goal (SDG) 2, Zero Hunger, by 2030.
Around 733 million people faced hunger in 2023, equivalent to one in eleven people globally and one in five in Africa, according to the latest SOFI report published today (24 Jul) by five United Nations specialized agencies.
Despite some progress in specific areas such as stunting and exclusive breastfeeding, an alarming number of people continue to face food insecurity and malnutrition as global hunger levels have plateaued for 3 consecutive years.
According to the report, 1 in 11 people worldwide faced hunger in 2023, 1 in 5 in Africa.
In 2023, around 2.33 billion people globally faced moderate or severe food insecurity, a number that has not changed significantly since the sharp upturn in 2020, amid the COVID-19 pandemic.
IFAD's President Alvaro Lario, speaking at the launch of the report in Rio De Janeiro said that investing in food production in rural areas is the key to reducing hunger.
He said, “The 2008 development report already showed that agricultural growth is two to three times more effective at reducing poverty compared to growth in other sectors and eleven times more effective in sub- Saharan Africa. There, if we want to alleviate poverty, we need strategic investments in agriculture, especially in small scale producers who are also vital to food production.”
He also said, "We must ensure that existing funds are directed where they are needed most. The SOFI report highlights that countries with the highest food insecurity and malnutrition are also those with the least access to financing, which just exacerbates inequalities."
This year’s report’s theme “Financing to end hunger, food insecurity and all forms of malnutrition’’, emphasizes that achieving SDG 2 Zero Hunger requires a multi-faceted approach, including transforming and strengthening agrifood systems, addressing inequalities, and ensuring affordable and accessible healthy diets for all. It calls for increased and more cost-effective financing, with a clear and standardized definition of financing for food security and nutrition.
IFAD President said as well as redirecting current finances work was needed to encourage new investments in the sector.
He said, "We need to create the conditions for attracting the private sector, which can provide a lifeline of access to capital, employment, technology, innovation, and markets. For that, we need to go beyond business as usual. For financial organizations like IFAD, this requires increasing our risk appetite and be more involved in de-risking activities.
The State of Food Security and Nutrition in the World is an annual report jointly prepared by the Food and Agriculture Organization of the United Nations (FAO), the International Fund for Agricultural Development (IFAD), the United Nations Children’s Fund (UNICEF), the UN World Food Programme (WFP) and the World Health Organization (WHO).
Since 1999, it has monitored and analysed the world’s progress towards ending hunger, achieving food security and improving nutrition.
It also provides an in-depth analysis of key challenges for achieving these goals in the context of the 2030 Agenda for Sustainable Development.
The report targets a wide audience, including policymakers, international organizations, academic institutions and the general public.
This year’s theme is timely and relevant in the run-up to the Summit of the Future, and the Fourth International Conference on Financing for Development in 2025.
