CHAPTER TWO • OFID OPERATIONS BY SECTOR
Agriculture: Support continues to grow
OFID supports SDG 2 by promoting sustainable food production and more resilient agriculture
Strategic context
According to the World Food Programme, 821 million people – one in nine – still go to bed on an empty stomach each night. Even more – one in three – suffer from some form of malnutrition.
The SDGs – the global blueprint to achieve a better and more sustainable future for all – pledge to end hunger, achieve food security, improve nutrition and promote sustainable agriculture by 2030 under SDG 2.
OFID works to support SDG 2 through promoting sustainable food production and more resilient agriculture across the world. At the end of 2018, OFID’s cumulative commitments to the agriculture sector stood at $3,142.5m.
Activities in 2018
In 2018, the agriculture sector attracted
$173.4m in new financing
In 2018, the agriculture sector attracted $173.4m in new financing.
Trade finance operations of $95.2m led in approvals and comprised amounts for operations in Burkina Faso ($45.8m) and two in Cameroon totaling $34.4m. Addi- tionally, $15m was approved to an agricul- tural entity in Ghana.
2.7 Agriculture commitments 2018 by region ($m)
172.7 Africa 0.5 Multiregional 0.2 Asia
2.8 Agriculture commitments 2018 by mechanism ($m)
95.2 Trade Finance 77.0 Public Sector 1.2 Grant Assistance
Public sector financing of $77m was also approved to help enhance food security and boost incomes in five African countries. Operations include renovating and building rural infrastructure (including roads and irrigation schemes), developing farmland, and capacity building in Côte d’Ivoire ($19m), Guinea Bissau ($6m), Guinea ($25m) and Malawi ($15m). A $12m loan to Mozambique will help strengthen artisanal fishing through the construction of a port in the town of Angoche.
Grants totaling $1.2m were divided among three initiatives benefiting 12 countries in Africa and Asia. These will help fund agricultural research, build / repair water supply and agriculture-related infrastructure, and increase the productivity and market- ability of cash crops.
A detailed breakdown of operations can be found in Chapter 4. For more information please visit:
http://www.ofid.org/FOCUS-AREAS/ Agriculture
Total commitments in 2018: $173.4m
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