Media Home
UN Web TV
UN Audiovisual Library
UN PhotoWORLD BANK / AGRIBUSINESS
Download
There is no media available to download.
Share
STORY: WORLD BANK / AGRIBUSINESS
TRT: 02:34
SOURCE: WORLD BANK
RESTRICTIONS: NONE
LANGUAGES: ENGLISH / NATS
DATELINE: 23 OCTOBER 2024, WASHINGTON DC
1. Wide shot, b-roll from WBG Annual Meetings October 2024
2. SOUNDBITE (English) Shobha Shetty, Global Director for Agriculture, World Bank:
“By 2050, there will be ten billion people in the world. That's two billion more than we have today. And which means we have to increase food production by 60 percent because of changing diets and growing urbanization.”
3. Wide shot, b-roll from WBG Annual Meetings October 2024
4. SOUNDBITE (English) Shobha Shetty, Global Director for Agriculture, World Bank:
“Climate change only adds to this monumental challenge because it affects our food supply, but the food system is also responsible for a third of greenhouse gas emissions.”
5. Wide shot, b-roll from WBG Annual Meetings October 2024
6. SOUNDBITE (English) Shobha Shetty, Global Director for Agriculture, World Bank:
“There are about 500 million farm households globally and many of them work in isolation. They have little or no access to finance, technology, markets and agriculture is inherently seen as a very risky sector to invest in.”
7. Wide shot, b-roll from WBG Annual Meetings October 2024
8. SOUNDBITE (English) Shobha Shetty, Global Director for Agriculture, World Bank:
“The World Bank Group will ramp up its efforts coming together as one institution focusing on three critical areas. One, digital, connecting farmers to digital platforms. Second, de -risking, making better use of guarantees and insurance products to de -risk the sector. And third, climate, tapping into both public and private sources of climate finance.”
9. Wide shot, b-roll from WBG Annual Meetings October 2024
10. SOUNDBITE (English) Shobha Shetty, Global Director for Agriculture, World Bank:
“This is such an important issue; the World Bank Group is planning to scale up its financing significantly between now and 2030.”
11. Wide shot, b-roll from WBG Annual Meetings October 2024
The World Bank Group today (Oct 23) announced a strategic pivot in its approach to agribusiness with a goal to create a comprehensive ecosystem for the industry. The shift will combine a new way of working with a new level of investment – doubling its agri-finance and agribusiness commitments to nine billion dollars annually by 2030.
The new approach arrives as four trends are fundamentally reshaping the agribusiness landscape: climate change, innovations in finance, digitalization, and solutions to fragmentation. It also aims to take advantage of demand for food that is set to increase by 60 percent in the coming decades and respond to a critical need for jobs in emerging markets.
