International pledges to finance 30 billion USD for food production in Africa | Finance

Refugees receive food aid in Gondar, Ethiopia on September 15, 2021. (Photo: AFP/VNA)

Development partners have pledged $30 billion in funding to boost food production in Africa over the next five years. African Development Bank (AfDB) President Akinwumi Adesina made this information at the closing session of the Africa Food Summit on January 27.

The three-day conference took place in the Senegalese capital Dakar with the participation of African leaders, representatives of development banks and international partners, including the US, the European Union (EU). and you.

The event, co-organized by the AfDB and Senegal, aims to mobilize funding and call for political engagement.

The main theme of the conference emphasized countries Africa They need to strengthen their food production capacity, instead of relying too heavily on imports that leave them vulnerable to price increases and commodity shortages.

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According to United Nations estimates, Black Continent are facing food crisis The most serious ever. More than 20% of Africa’s population, or 278 million people, face starvation.

Experts believe that the factors causing food insecurity are the high public debt from the COVID-19 pandemic, along with the Russia-Ukraine conflict, which has pushed the prices of fuel, grain and cooking oil to escalate. alongside long-standing causes such as climate change, political instability and conflict.

(VNA/Vietnam+)

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