New Alliance for Food Security and Nutrition

Event/initiative: 
Date of commitment: 
May 2012

Commitment

G8 and African leaders commit to a New Alliance for Food Security and Nutrition, with the aim to increase domestic and foreign private investments in African agriculture, take innovations that can enhance agricultural productivity to scale, and reduce the risk borne by vulnerable economies and communities. The Alliance will achieve sustained and inclusive agricultural growth and raise 50 million people out of poverty over the next 10 years.

Target

For example: Over 45 local and multinational companies have expressed their intent to invest over $3 billion across the agricultural value chain in Grow Africa countries. Find out more in the G-8 Action on Food Security and Nutrition fact sheet

Progress

Since 2012:

  • Partnership in the New Alliance has expanded from three to ten African countries
  • Nearly 180 African and international companies have signed Letters of Intent to invest $7.8 billion in African agriculture, $1.1 billion of which was realized in 2013
  • Private investments have reached 3 million smallholders and created more than 36,600 jobs
  • African governments have advanced or completed 96 percent of policy commitments scheduled for completion by mid-2014
  • Development partners have disbursed $2.1 billion, or 72 percent of expected funding to date
  • Gap

    Additionality

    The Alliance builds on the promises of the L'Aquila food security initiative.

    Find out more in the New Alliance Progress Report