Photo credit: FAO
Farmers dry rice on the road to Hon Don in Vietnam.
New report touts agrocorridors as economic driver
FAO highlights ways large-scale development plans can foster inclusive, sustainable and transformative rural growth
Rome – Economic “agrocorridors” can be a strategic tool to draw private capital and large-scale investment to projects that benefit smallholder farmers and boost food security in lower-income countries, according to a new FAO report that provides guidance on how development planners can avoid pitfalls.
These corridors, according to the report, are development programmes that foster promising economic sectors – notably agriculture in developing countries – in a territory connected by lines of transportation like highways, railroads, port or canals.
The strength of this approach is its integration of investments, policy frameworks and local institutions.
“The key idea is not just to make transportation or irrigation infrastructure improvements but to provide a platform that enables and empowers authorities at local, national and regional levels to make more informed decisions about what they want to achieve,” says FAO agribusiness economist Eva Gálvez Nogales, author of “Making economic corridors work for the agricultural sector.”
Read the full article: FAO