$265 billion annually !

 

Photo credit: UN NEWS CENTRE

Rural development and youth employment are strongly connected to migration. Photo: FAO/Riccardo Gangale

Global Goals on poverty and hunger require $265 billion annually – UN conference told

The world must take urgent action to mobilise the estimated $265 billion a year needed to achieve the first two Sustainable Development Goals to end poverty and hunger by 2030, the head of the United Nations agency for financing rural development projects has told an international conference.

“The need is urgent,” Kanayo F. Nwanze, President of the International Fund for Agricultural Development (IFAD) said at last night’s opening of a conference, titled “Investing in inclusive rural transformation: innovative approaches to financing,” held in Rome, Italy on 26-27 January.

“Despite decades of commitments and considerable effort to end poverty and hunger, nearly 800 million children, women and men still go hungry every day, and an almost equal number live in extreme poverty,” he added, stressing the need to be more creative in using public resources and mobilise financing.

He also emphasized the need to make it easier for the private sector and philanthropists to invest in rural areas, where rates of poverty and hunger are highest.

Speakers agreed it cannot be left up to governments alone. In 2015, Official Development Assistance (ODA) was approximately $192 billion and only $9 billion of that was earmarked for agriculture.

Read the full story: UN NEWS CENTRE

=========================

TIMES 5 = 1325 BILLION (MY COMMENT: Willem VAN COTTHEM)

Just one question and I rest my case:

“Take you have 1325 billion dollars to spend over 5 years, how many kitchen gardens with containers for hungry families can you build in that period of time and what would be the sustainable effect of such an action (program) on malnutrition, hunger and poverty?”.

 

Advertisements

Published by

Willem Van Cotthem

Honorary Professor of Botany, University of Ghent (Belgium). Scientific Consultant for Desertification and Sustainable Development.