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