Remarks by World Bank Group President Ajay Banga at the Agriculture and Food as an Engine of Sustainable Growth and Jobs Event
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Washington, DC: World Bank
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This document outlines a new strategic approach for a global organization to address the challenges and opportunities within the agricultural sector. The document highlights four fundamental shifts transforming the agribusiness landscape, including the increasing vulnerability of agriculture to climate change, the emergence of new tools for derisking investments, advancements in digitalization, and the need for greater collaboration between large food companies and smaller farmers. The organization proposes a comprehensive ecosystem approach to agribusiness involving increased investment, focusing on smallholder farmers and producer organizations, and combining public and private sector initiatives. The document emphasizes the potential of this approach to create jobs, improve food security, and contribute to a more sustainable future.