## ififsactionplan-finalv5

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---

### Overview
- Collectively prepared by: African Development Bank (AfDB), Asian Development Bank (ADB), European Bank for Reconstruction and Development (EBRD), Inter-American Development Bank (IDB), International Fund for Agricultural Development (IFAD), International Monetary Fund (IMF), and the World Bank Group.
- Plan captures policy and operational responses of the IFIs to address rising food insecurity.

### The Challenge: Rising Food Insecurity Threatens Lives and Livelihoods
- Since the Russian war against Ukraine, global commodity prices and market uncertainty have increased dramatically, creating significant risks to food and nutrition security on top of pre-existing vulnerabilities.
- Consequences highlighted:
  - Physical shortages of food in some countries.
  - Higher food, fuel, and fertilizer prices in many more.
  - More people hungry and at risk of falling into poverty.
  - Rising food prices contributing to global inflationary pressures, stretching household spending, and reducing fiscal space in government budgets already narrow with high debt vulnerability.
  - Shock exacerbates increases in acute and chronic food insecurity driven by conflict, climate change, and economic downturns (including COVID-19).

### The Response: Delivering an Urgent and Effective Response at Scale
- IFIs will leverage financing, policy engagement, technical assistance, and knowledge work, including:
  - Fast-tracking and scaling existing tools and programs.
  - Repurposing current programs and prioritizing relevant portfolio programs.
  - Targeting work to current needs and, in some cases, launching new initiatives.
- Six priority goals to step up, surge, and scale work:
  1. Supporting vulnerable people
  2. Promoting open trade
  3. Mitigating fertilizer shortages
  4. Supporting food production now
  5. Investing in climate-resilient agriculture for the future
  6. Coordinating for maximum impact

### Goal 1: Supporting Vulnerable People — Key Actions and Financing
- Objective: Provide targeted support to vulnerable populations to meet immediate needs, including through social safety nets and cash transfers.

- AfDB
  - Seeking opportunities to provide budget support to certain countries in North Africa to support vulnerable consumers hurt by rising wheat prices.
  - Country missions will be underway in the near future.

- ADB
  - For Fragile and Conflict-Affected countries (Afghanistan and Myanmar), working with partners on emergency food assistance, food-for-work and cash-for-work programs.
  - Afghanistan: financing $200 million for sustaining essential food and livelihood-related services and will re-align planned activities as necessary.
  - Sri Lanka: repurposing/utilizing current sovereign projects of nearly $150 million for social protection programs (expansion of cash transfer programs; livelihood development related to food and nutrition insecurity; system strengthening and capacity development).
  - Central Asia: exploring counter-cyclical responses; financing amounts still under discussion and may include cash transfer programs and increased support to smallholder farmers.
  - Philippines: as part of the Competitive and Inclusive agriculture development program ($400 million), will help develop a food voucher program for pregnant and lactating women and their children.

- EBRD
  - Resilience and Livelihood Framework approved in response to Russia’s war against Ukraine will support businesses and public services with investments expected to reach €2 billion over the next two years.
  - In Ukraine and neighboring countries, focus areas include energy security, vital infrastructure services, trade finance (including for agriculture), food security and pharmaceuticals.
  - Food security and trade finance of agricultural and food products expected to represent €500 million, of which €200 million is for Ukraine and €300 million is for neighboring countries.
  - Projects will indirectly help support livelihoods and complement cash transfers and targeted social benefits provided by state budgets and other multilateral agencies.

- IDB
  - Support countries to broaden and deepen social programs targeting the food insecure (conditional and unconditional cash transfers, food vouchers, school meals, and other programs), with focus on women, minorities, migrants, and hard to reach populations.
  - Preparing a $60 million cash transfer program for Haiti and a program in Honduras (amount to be defined).
  - Open to restructure projects to maintain food consumption of vulnerable populations; previously financed about $3.4 billion during the COVID-19 pandemic.

- IFAD
  - Aim to invest $3.5 billion in 78 countries over the next three years to build resilience of the world’s poorest and most vulnerable rural people.
  - 22 countries will receive additional targeted support through IFAD’s new Crisis Response Initiative (CRI): Afghanistan, Benin, Bhutan, Burundi, Central African Republic, Chad, Comoros, Eritrea, Ethiopia, Gambia, Guinea-Bissau, Haiti, Liberia, Madagascar, Malawi, Mali, Mozambique, Niger, Somalia, Sri Lanka, Uganda, and Yemen.
  - IFAD has received initial pledges of €11 million for the CRI and is calling on member states for additional resources.

- IMF
  - Support countries affected by food insecurity with its full range of instruments: macroeconomic expertise, policy advice, capacity development, and financial support through regular programs or emergency financing.
  - Investing in monitoring that combines balance-of-payments impact of higher food and agricultural input prices with other vulnerabilities such as debt sustainability risks to identify countries with pronounced financing pressures.
  - Pay particular attention to fragile and conflict-affected states.
  - Focus on rapidly improving social safety nets, including using digital tools where appropriate.
  - IMF lending will be general balance of payments support that catalyzes and complements grant financing and longer-term borrowing.
  - Can quickly scale-up financing for the 41 countries (including 21 low-income countries) with active program arrangements and consider new arrangements for most others.
  - Recent examples:
    - Moldova: augmentation of existing arrangement by $260 million approved in May.
    - Mozambique: new three-year program committing $456 million approved in May.
    - Senegal: authorities requested augmenting existing program by $173 million.

- World Bank Group
  - As of May 2022, preparing $12 billion worth of projects for the next 15 months to respond to the food security crisis (projects for Q4 of FY22 and FY23), including support to agriculture ($5.2 billion), social protection ($3.3 billion), and water and irrigation ($2 billion).
  - Majority of resources going to Africa and the Middle East ($6.9 billion), Europe and Central Asia ($ 1.9 billion) and South Asia ($2.4 billion).
  - Existing portfolio includes an undisbursed balance of $18.7 billion in agriculture and natural resources projects ($8.2 billion), including nutrition ($1.1 billion), social protection ($4.9 billion), and other sectors ($4.5 billion).
  - Of the undisbursed balance, $15 billion are in Africa and the Middle East, and $3.5 billion in Europe and Central Asia.
  - Altogether this would amount to over $30 billion available for implementation.
  - Use full range of Bank financing instruments and analytical work to complement interventions.
  - Examples:
    - Cameroon: Emergency Project to combat the food security crisis ($ 100 million).
    - Lebanon: Wheat Supply Emergency Response Project (IBRD $135 million and Global Concessional Financing Facility (GCFF) $15 million).
    - Ukraine: Reallocating $60 million from the ongoing Social Safety Nets Modernization Project ($750 million) to extend the Guaranteed Minimum Income (GMI) program; GMI targeting accuracy cited as around 74 percent of total funds going to the poorest 20 percent and over 90 percent to the poorest 40 percent.

### Goal 2: Promoting Open Trade — Actions and Financing
- Objective: Ramp up financing to facilitate purchase of food and agricultural inputs, encourage partner countries to maintain open trade policies and avoid export restrictions, and invest in logistics and rural infrastructure.

- AfDB
  - Promoting implementation of policies on seed and fertilizer regulations, strengthening institutions, and national fertilizer logistics and trade through Program Based Operations (PBO) and investment projects.
  - Policy dialogues and reforms to prioritize berths for cargos/ships carrying fertilizer, extend special customs treatment to speed clearance, and address non-tariff barriers along transport corridors.
  - Working with WFP and others to expand countries’ grain storage capacity (Purdue Improved Crop Storage (PICS) bags and small-scale silos).

- ADB
  - Enhance regional cooperation and promote trade facilitation drawing lessons from the 2008 food crisis; supports import of essential foods via trade finance guarantees.
  - For 2022, ADB’s trade and supply chain finance programs will provide guarantees to banks for food and agriculture trade transactions involving nearly 2,800 SMEs in 15 DMCs ($1.36 billion). Example Q1 2022 countries: Armenia, Bangladesh, Georgia, Mongolia, Nepal, Pakistan, Samoa, Sri Lanka, Uzbekistan, and Viet Nam.
  - Re-aligning projects to support agriculture value chains and competitiveness: GMS Climate-Friendly Agribusiness Value Chains Sector Projects ($130 million); Lao PDR Climate-Friendly Agribusiness Value Chains Sector Project ($40.5 million); Cambodia Agricultural Value Chain Competitiveness and Safety Enhancement Project ($103 million); Philippines Mindanao Agro-Enterprise Development Project ($100.4 million).
  - Direct agribusiness lending for staple food working capital and liquidity targeting nearly 300,000 smallholder farmers in 15 DMCs ($420 million).
  - Earmarked lending support to financial institutions to support approximately 30,000 food and agriculture MSME borrowers in 7 DMCs ($110 million in 2022).
  - Use trust funds (such as OPEC trust fund, under processing) to provide immediate financial support to agribusiness and emergency assistance to hard-hit countries.

- EBRD
  - Demand for trade finance exceeds risk-taking capacity of commercial banks and insurers for countries like Ukraine.
  - Through Trade Facilitation Program, increase trade finance commitments dedicated to agricultural inputs, commodities and food products from €800 million a year to at least €1 billion a year by end 2023.
  - Immediately increasing trade finance limits in Ukraine with utilization (on a revolving basis) of €50 million for trade directly related to the agricultural value chain.
  - In North Africa, financing grain importers on a direct basis for €150m.
  - Medium-term complement of trade finance with infrastructure investments in grain storage and logistics in Ukraine (post-war reconstruction) and importing countries of North Africa and the Middle East.
  - Financial support will be paired with policy initiatives to remove trade barriers such as quotas, tariffs, and other measures.

### Joint IFI and FAO Coordination, Trade Openness, and Market Functioning (Selected Member Actions)
- IDB
  - Advise policy dialogue in LAC countries to avoid trade restrictions (e.g., temporary export bans of food and fertilizer).
  - Continue to use AGRIMONITOR to inform engagement.
  - Seek opportunities to finance rural infrastructure and complement infrastructure with digital technologies to reduce transaction costs and monitor food prices, input supplies and transport services.

- IFAD
  - Twenty per cent of IFAD’s current portfolio of $7.7 billion focuses on market and related infrastructure.
  - CRI will bring additional investments to promote local and regional markets; Somalia example: investing an additional $3-5 million to improve access to information on price fluctuations and new market opportunities.

- IMF
  - Engaging members and working with the World Bank, the WTO, and others to promote open trade.
  - IMF’s trade policy tracker is monitoring trade restrictions on food and agricultural inputs and has identified some 20 countries that resorted to such practices since the start of 2022.
  - Policy advice highlights that export restrictions can trigger retaliation, exacerbate shortages, contribute to price pressures, and increase market volatility.
  - Country teams collaborate with the World Bank and others to help members identify ways to safeguard food security without export restrictions.

- WBG
  - West Africa Food System Resilience Program ($641 million) will apply a food system approach to transform West African food systems, enable emergency assistance, and promote intra-regional food trade.
  - IFC preparing a Global Food Security Platform targeting affected countries and Ukraine to close financing gaps for agribusinesses.
  - IFC examples: working capital to HSA (Yemen); financing facility to ETG targeting Benin, Malawi, South Africa, Tanzania, Zambia, and Zimbabwe.
  - MIGA supporting trade finance for urgent imports and short-term agricultural loans, targeting Ukraine and countries experiencing food insecurity and shortages.

### Goal 3: Mitigating Fertilizer Shortages — Investments, Efficiency, and Innovation
- AfDB
  - Proposed $1.3 billion African Emergency Food Production Facility to finance large-scale procurement of fertilizer for African countries, wholesalers and provide credit guarantees to aggregators, local input suppliers, and large fertilizer users.
  - Framework proposal due for Board discussion on May 20, 2022.
  - Convened fertilizer company CEOs to analyze supply gaps and securing commitments from African governments on policy reforms to prioritize processing at ports and transport corridors.
  - Prioritization factors: demand from regional member countries; resources allocated for 2022; severity of impact on economy and food sector; dependency on food imports; whether countries serve as a “bread basket”; country concentrations and prudential risk.
  - Will encourage open cross-border trade and commitments to reduce non-tariff barriers.

- ADB
  - Engage in policy dialogue to encourage increased efficient use of fertilizer.
  - Support integrated nutrient/irrigation management practices; ongoing $5.5 million GMS Sustainable Agriculture and Food Security Program includes these interventions.

- EBRD
  - Committed to finance technologies to expand fertilizer production and decarbonize the sector.
  - Egypt: expects to provide a loan in 2022 to a private fertilizer producer for a green hydrogen to green ammonia manufacturing facility fully powered by renewable energy.

- IDB
  - Promote technical assistance programs to improve fertilizer use efficiency and modernize production capacities.
  - Projects to reduce dependency on chemical fertilizers include Panama ($40 million), El Salvador ($45 million), and Colombia ($8 million).

- IFAD
  - Invest to help small-scale farmers, fishers and livestock producers access fertilizer, bio-fertilizers and bio-fortified legume varieties.
  - Over 30 per cent of IFAD’s current portfolio focuses on agricultural productivity and natural resources management.
  - CRI expected support: Afghanistan — investing an additional $3-5 million for inputs; Malawi — top up by $3-5 million to scale up bio-fertilizer and bio-fortified legume work.

- WBG
  - Examples in portfolio: Kyrgyz Republic Agricultural Productivity and Nutrition Improvement Project ($38 million) and Tajikistan Strengthening Resilience of the Agriculture Sector Project ($58 million).
  - MIGA to provide risk-mitigation instruments for fertilizer manufacturing aligned with low-GHG and climate-resilient pathways.
  - IFC interventions: working capital support, trade finance, expand import/storage/distribution logistics, domestic blending, country mappings for production capacity investments; FY22 example: partnered to establish a financing facility for Nitron for purchase, storage and transportation of fertilizers.
  - IFC supports Agrofertil in Paraguay and has several new fertilizer projects under consideration in Africa.

### Goal 4: Support Food Production Now — Seeds, Fertilizer, Productivity and Planting Seasons
- AfDB
  - African Emergency Food Production Plan (AEFPP) to deliver certified seeds of climate adapted varieties, fertilizer, and extension to 20 million farmers across the continent.
  - Focus commodities: scaling up wheat with heat-tolerant varieties; scaling up maize with water-efficient maize; raising rice production; enhancing soybean production for nutrition-sensitive diets, and poultry and aquaculture production.
  - Plan uses digital and e-platforms and covers the next four crop production seasons.
  - Delivery of inputs will be high-tech, with smart subsidies transitioned to private sector players.

- ADB
  - Microfinance program guarantees to support 1.4 million farmers and rural micro-borrowers in 6 DMCs.
  - Mongolia: repurposing and accelerating about $87.7 million to engage financial institutions to support MSMEs, farmers, and agricultural cooperatives.
  - Timor-Leste: support $76.5 million to improve agriculture performance and climate-resilient farming systems; almost 50 percent of Timor-Leste total cereal consumption needs are met through imports.

- EBRD
  - Increase debt, risk-sharing and equity investments directly connected to the food value chain from €400 million per year to €500 million per year by end-2023.
  - In Ukraine, immediately providing up to €150 million in direct loans and risk sharing with local banks for Ukrainian agribusiness companies and SMEs (or a total of €200 million for Ukraine with the €50 million agri/food trade finance).

- IDB
  - IDB Invest ready to scale up liquidity provision to agribusinesses through Working Capital, Trade and Supply Chain Finance platforms.
  - Continue promoting income support interventions such as vouchers for purchase of fertilizers and critical inputs and technologies.
  - Specific projects:
    - Haiti: Rural Productivity and Connectivity Program ($60 million) providing vouchers.
    - Panamá: Sustainable and Inclusive Agricultural Innovation Project ($41 million).
    - El Salvador: Strengthening the Climate Change Resilience in El Salvador’s Coffee Forests ($45 million).
    - Dominican Republic: Sustainable Agroforestry Program ($150 million).
    - Bolivia: Direct Support for the Creation of Rural Agri-food Initiatives II ($62 million).

- IFAD
  - Demand for increased IFAD investment for local food production via core programs is increasing; seeking additional short-term investment opportunities via the CRI.
  - Mozambique requested assistance to enhance productivity of small-scale agriculture and fisheries.
  - Yemen: IFAD will top up an existing project by $3-5 million through the CRI to provide agricultural and livestock inputs, drought resistant seeds and modern irrigation equipment.

### Immediate and Short-Term Support by IFIs — Selected Actions
- IFAD
  - Provide trainings on water efficient technologies and practices, soil conservation techniques, and consumption of locally produced substitute e.g. millet.
  - If additional funds mobilized for the CRI, support access to finance for rural producers’ immediate needs and invest in small-scale infrastructure where appropriate in the identified 22 countries.

- WBG (selected country/operation examples)
  - Niger: $50 million CRW ERF to support production.
  - Burkina Faso: $50 million CRW ERF and $23 million IDA.
  - Cameroon: $50 million CRW ERF and $50 million IDA.
  - Mauritania: $42 million IDA.
  - Afghanistan: $195 million Afghanistan Recovery Trust Fund (Trust Fund resources).
  - Ukraine: restructuring requested for the Accelerating Private Investment in Agriculture Program for Results ($30 million).
  - East Africa: Contingent Emergency Response Component (CERC) activated in a number of projects.
  - Emergency Locust Response MPA Program: investments to date of $147 million, with another $125 million in the pipeline.
  - IFC immediate Ukraine support: disbursed $17.5 million to Galnaftogaz and Nyva.
  - IFC assessing alternative routes to market for evacuating grains from Ukraine; evacuation would need higher financing due to longer transit times and risk mitigation requirements.

### Goal 5: Investing in Climate-Resilient Agriculture for the Future — Programs and Finance
- AfDB
  - Program to Build Resilience for Food and Nutrition Security: $195.6 million covering six Horn of Africa countries (Djibouti, Eritrea, Ethiopia, Kenya, Somalia, and Sudan).
  - Second project for ten West African countries for $159.75 million is going to the Bank’s Board later this year for approval.

- ADB
  - Aim to provide a cumulative $100 billion in climate finance between 2019 and 2030; climate-smart agriculture a key priority.
  - Developing guidelines to ensure agriculture projects aligned to the goals of the Paris agreement.
  - Developing an Innovative Natural Capital Financing Facility.
  - Pakistan: $1.5 million technical assistance for long-term sustainable food security and response capability.
  - Indonesia: Horticulture Development of Dryland Areas Project for approval in 2022 ($125 million) with IFAD.

- EBRD
  - Promote more sustainable food value chain through finance and advisory services.
  - Mobilizing a joint advisory envelope of up to $5 million with FAO.

- IDB
  - Aim to finance investment projects and technical cooperation for over $400 million in 2022 to increase food systems’ resilience, inclusiveness, and productivity in LAC countries.
  - Specific projects: Belize ($15 million), Bolivia irrigation ($150 million), Peru agriculture services ($40 million), Dominican Republic agricultural health ($50 million).

- IFAD
  - Adaptation for Smallholder Agriculture Program (ASAP+) directing targeted resources to build climate resilience.
  - Seven new ASAP+ investments under design for a total value of $60 million.
  - Somalia example: ASAP+ will finance climate smart agriculture and innovative agroecology, add 105,000 beneficiaries to the 650,000 baseline A2R2.

- WBG
  - Accelerating the Impact of CGIAR Climate Research for Africa (AICCRA): $60 million initiative.
  - Sahel and West Africa Food System Resilience program: $641 million (Mali, Chad, Burkina Faso, Niger, Togo, Ghana and Sierra Leone).
  - New food security-related operations being prepared across regions including Cameroon, Ghana, Chad, Sierra Leone, Ethiopia, Madagascar, Lebanon, Pakistan, Bangladesh, Kyrgyz Republic, Moldova, Albania, Georgia, Kazakhstan, Ukraine, Bolivia, Nicaragua, Pakistan, Indonesia, the Philippines, etc.
  - One Health approaches: Additional financing to Regional Disease Surveillance Systems Enhancement Project in Central Africa, Phase IV ($280 million).
  - IFC will re-engage in Ukraine when situation allows to rebuild agribusiness infrastructure for grain and oilseed exports and will deploy climate-smart solutions, integrated irrigation using solar power, alternative crops, and diet diversification interventions.

### Goal 6: Coordinating for Maximum Impact — Partnerships and Platforms
- AfDB
  - Working with Ministers of Finance and Ministers of Agriculture, Heads of MDBs, Rome-Based UN Organizations and other development partners to support the AEFPP.
  - Planned a coordination meeting with regional member countries and development partners for May 19, 2022.
  - Enter into agreements with WFP on input distribution and expansion of smallholder grain storage capacity; with FAO on design of investment operations targeted to private-sector led and public-sector enabled delivery of agricultural inputs.
  - Seeking co-financing opportunities with other MDBs.

- ADB
  - Collaborated with AFD, WFP, GAFSP, FAO, OPEC Trust funds and others; engaged stakeholders through the Asia-Pacific Rural Development and Food Security Forum (March 22-24, 2022) with 1000 participants.
  - In 2022, ADB and WFP launched projects in Afghanistan and the Philippines and are finalizing a project in Myanmar; for the Sustaining Essential Services Delivery Project, ADB provided direct financing to FAO, UNDP, UNICEF and WFP; WFP received $135 million to enable emergency food to over 800,000 people; around 168,000 people covered under asset creation and livelihood activities.

- EBRD
  - Continue to engage regularly and in a coordinated manner with other IFIs on policies to promote food security and strengthen resilience while ensuring right incentives for private sector and no market distortion.

- IDB
  - Working closely with FAO, the World Bank, IICA, ECLAC, IFAD and other institutions through technical meetings addressing food security challenges in Latin America and the Caribbean.

- IFAD
  - Member of the Secretary General’s Global Crisis Response Group on Food, Energy and Financing (GCRG); liaises closely with WFP and FAO; hosts the Global Donor Platform for Rural Development (GDPRD).
  - Increasing partnerships with climate finance vehicles: Global Environment Facility (GEF), Green Climate Fund (GCF) and Adaptation Fund (AF).
  - Co-leading with the World Bank on finance as a means of implementation for food systems transformation.

- IMF
  - Heads of the World Bank, IMF, WFP and WTO issued a joint call for urgent action on food security on April 13, 2022.
  - IMF stands ready to continue engaging with partners participating in this IFI action plan and others, including UN entities that collaborate in the GCRG.

- WBG
  - In West Africa, working with a diverse coalition on early warning systems, identifying food insecurity ‘hot spots’, and designing operations (with WFP as a key partner).
  - Has procedures to streamline direct financing of UN agency interventions such as WFP procurement and distribution of food where circumstances warrant and clients agree.
  - Active participant in the Food Workstream Working Group of the GCRG.

### Composition, GAFSP and GAFS Announcements
- GCRG composition and role:
  - Composed of representatives of multilateral agencies under the UN and Bretton Woods systems and advises the UN Secretary General.

- WBG and GAFSP:
  - WBG (including IFC) has been a major participant in the externally funded and governed GAFSP; Coordination Unit located at the WB.
  - GAFSP has funded projects at the WB, Regional Development Banks, IFAD and FAO.

- World Bank commitments and crisis opportunities:
  - WB committed to longer-term adaptation and resilience agenda; crisis offers opportunities to make food systems more sustainable, nutritious, and resilient (e.g., investing in biofertilizers, improving fertilizer use efficiency, restoring marine ecosystems, reducing water use in rice systems, reducing food loss and waste, leveraging technology).

- Global Alliance for Food Security (GAFS)
  - Announcement: GAFS to be formally launched as an initiative of the G7 Presidency, supported by the World Bank, at the G7 Development Ministers Meeting on May 18, 2022 in Berlin.
  - Intended as a temporary platform to achieve maximum synergy and complementarity in mounting a short-term response over the next two years.
  - Footnote objective: “Catalyze an agile, immediate, and coordinated response to the unfolding global food security crisis as an act of solidarity in support of those most affected.”
  - Important note: GAFS is not a new institution; it is a political alliance to lend support to and leverage existing structures, mechanisms, and initiatives.

*Source: ififsactionplan-finalv5*

### Section 1

### International Financial Institution (IFI) Action Plan to Address Food Insecurity

### Overview
- Collectively prepared by: African Development Bank (AfDB), Asian Development Bank (ADB), European Bank for Reconstruction and Development (EBRD), Inter-American Development Bank (IDB), International Fund for Agricultural Development (IFAD), International Monetary Fund (IMF), and the World Bank Group.
- Plan captures policy and operational responses of the IFIs to address rising food insecurity.

### The Challenge: Rising Food Insecurity Threatens Lives and Livelihoods
- Since the Russian war against Ukraine, global commodity prices and market uncertainty have increased dramatically, creating significant risks to food and nutrition security on top of pre-existing vulnerabilities.
- Consequences highlighted:
  - Physical shortages of food in some countries.
  - Higher food, fuel, and fertilizer prices in many more.
  - More people hungry and at risk of falling into poverty.
  - Rising food prices contributing to global inflationary pressures, stretching household spending, and reducing fiscal space in government budgets already narrow with high debt vulnerability.
  - Shock exacerbates increases in acute and chronic food insecurity driven by conflict, climate change, and economic downturns (including COVID-19).

### The Response: Delivering an Urgent and Effective Response at Scale
- IFIs will leverage financing, policy engagement, technical assistance, and knowledge work, including:
  - Fast-tracking and scaling existing tools and programs.
  - Repurposing current programs and prioritizing relevant portfolio programs.
  - Targeting work to current needs and, in some cases, launching new initiatives.
- Six priority goals to step up, surge, and scale work:
  1. Supporting vulnerable people
  2. Promoting open trade
  3. Mitigating fertilizer shortages
  4. Supporting food production now
  5. Investing in climate-resilient agriculture for the future
  6. Coordinating for maximum impact

### Goal 1: Supporting Vulnerable People
- Objective: Provide targeted support to vulnerable populations to meet immediate needs, including through social safety nets and cash transfers.

- African Development Bank
  - Seeking opportunities to provide budget support to certain countries in North Africa to support vulnerable consumers hurt by rising wheat prices.
  - Country missions will be underway in the near future.

- Asian Development Bank
  - For Fragile and Conflict-Affected countries (Afghanistan and Myanmar), ADB is working with partners (World Food Program and FAO) on emergency food assistance, food-for-work and cash-for-work programs.
  - In Afghanistan, ADB is financing $200 million for sustaining essential food and livelihood-related services to vulnerable communities and will re-align planned activities as necessary.
  - In Sri Lanka, ADB is repurposing/utilizing current sovereign projects of nearly $150 million for social protection programs including: (i) expansion of existing cash transfer programs; (ii) livelihood development program related to food and nutrition insecurity; and (iii) system strengthening and capacity development for existing cash transfer and livelihood development programs.
  - In Central Asia, ADB is exploring counter-cyclical responses; financing amounts are still under discussion and may include cash transfer programs and increased support to smallholder farmers.
  - As part of the Philippine Policy based lending project, Competitive and Inclusive agriculture development program ($400 million), ADB will help develop a food voucher program for pregnant and lactating women and their children.

- European Bank for Reconstruction and Development
  - Resilience and Livelihood Framework approved in response to Russia’s war against Ukraine will support businesses and public services with investments expected to reach €2 billion over the next two years.
  - In Ukraine and neighboring countries, focus areas include energy security, vital infrastructure services, trade finance (including for agriculture), food security and pharmaceuticals.
  - Food security and trade finance of agricultural and food products expected to represent €500 million, of which €200 million is for Ukraine and €300 million is for neighboring countries.
  - Projects will indirectly help support livelihoods and complement cash transfers and targeted social benefits provided by state budgets and other multilateral agencies.

- Inter-American Development Bank
  - Will support countries to broaden and deepen social programs targeting the food insecure (conditional and unconditional cash transfers, food vouchers, school meals, and other programs), with focus on women, minorities, migrants, and hard to reach populations.
  - Preparing a $60 million cash transfer program for Haiti and a program in Honduras (amount to be defined).
  - Open to restructure projects to maintain food consumption of vulnerable populations; previously financed about $3.4 billion during the COVID-19 pandemic.

- International Fund for Agricultural Development
  - Will aim to invest $3.5 billion in 78 countries over the next three years to build resilience of the world’s poorest and most vulnerable rural people.
  - 22 countries will receive additional targeted support through IFAD’s new Crisis Response Initiative (CRI) to address short-term food security needs; listed countries include Afghanistan, Benin, Bhutan, Burundi, Central African Republic, Chad, Comoros, Eritrea, Ethiopia, Gambia, Guinea-Bissau, Haiti, Liberia, Madagascar, Malawi, Mali, Mozambique, Niger, Somalia, Sri Lanka, Uganda, and Yemen.
  - IFAD has received initial pledges of €11 million for the CRI and is calling on member states for additional resources.

- International Monetary Fund
  - Will support countries affected by food insecurity with its full range of instruments, focusing on macroeconomic expertise, policy advice, capacity development, and financial support through regular programs or emergency financing.
  - Investing in monitoring that combines balance-of-payments impact of higher food and agricultural input prices with other vulnerabilities such as debt sustainability risks to identify countries with pronounced financing pressures.
  - Will pay particular attention to fragile and conflict-affected states.
  - Focus on rapidly improving social safety nets, including using digital tools where appropriate.
  - IMF lending will be general balance of payments support that catalyzes and complements grant financing and longer-term borrowing.
  - Can quickly scale-up financing for the 41 countries (including 21 low-income countries) with active program arrangements and consider new arrangements for most others.
  - Recent examples: Moldova (augmentation of existing arrangement by $260 million approved in May), Mozambique (new three-year program committing $456 million approved in May), Senegal (authorities requested augmenting existing program by $173 million).

- World Bank Group
  - As of May 2022, preparing $12 billion worth of projects for the next 15 months to respond to the food security crisis (projects for Q4 of FY22 and FY23), including support to agriculture ($5.2 billion), social protection ($3.3 billion), and water and irrigation ($2 billion).
  - Majority of resources going to Africa and the Middle East ($6.9 billion), Europe and Central Asia ($ 1.9 billion) and South Asia ($2.4 billion).
  - Existing portfolio includes an undisbursed balance of $18.7 billion in agriculture and natural resources projects ($8.2 billion), including nutrition ($1.1 billion), social protection ($4.9 billion), and other sectors ($4.5 billion).
  - Of the undisbursed balance, $15 billion are in Africa and the Middle East, and $3.5 billion in Europe and Central Asia.
  - Altogether this would amount to over $30 billion available for implementation.
  - Use full range of Bank financing instruments and analytical work to complement interventions.
  - Examples:
    - Cameroon: Emergency Project to combat the food security crisis ($ 100 million) to strengthen food and nutrition security and increase resilience to climate shocks for targeted households and producers.
    - Lebanon: Wheat Supply Emergency Response Project (IBRD $135 million and Global Concessional Financing Facility (GCFF) $15 million) to ensure availability of wheat and maintain access to affordable bread for poor and vulnerable households.
    - Ukraine: Reallocating $60 million from the ongoing Social Safety Nets Modernization Project ($750 million) to extend the Guaranteed Minimum Income (GMI) program and adjust payment model under martial law; GMI targeting accuracy cited as around 74 percent of total funds going to the poorest 20 percent and over 90 percent to the poorest 40 percent.

### Goal 2: Promoting Open Trade
- Objective: Ramp up financing to facilitate purchase of food and agricultural inputs, encourage partner countries to maintain open trade policies and avoid export restrictions, and invest in logistics and rural infrastructure.

- African Development Bank
  - Promoting implementation of policies on seed and fertilizer regulations, strengthening institutions, and national fertilizer logistics and trade through Program Based Operations (PBO) and investment projects.
  - Policy dialogues and reforms to prioritize berths for cargos/ships carrying fertilizer, extend special customs treatment to speed clearance, and address non-tariff barriers along transport corridors.
  - Working with WFP and others to expand countries’ grain storage capacity (Purdue Improved Crop Storage (PICS) bags and small-scale silos).

- Asian Development Bank
  - Enhance regional cooperation and promote trade facilitation drawing lessons from the 2008 food crisis; supports import of essential foods via trade finance guarantees.
  - For 2022, ADB’s trade and supply chain finance programs will provide guarantees to banks for food and agriculture trade transactions involving nearly 2,800 SMEs in 15 DMCs ($1.36 billion). Example Q1 2022 countries: Armenia, Bangladesh, Georgia, Mongolia, Nepal, Pakistan, Samoa, Sri Lanka, Uzbekistan, and Viet Nam.
  - Re-aligning projects to support agriculture value chains and competitiveness (examples and amounts: GMS Climate-Friendly Agribusiness Value Chains Sector Projects ($130 million); Lao PDR Climate-Friendly Agribusiness Value Chains Sector Project ($40.5 million); Cambodia Agricultural Value Chain Competitiveness and Safety Enhancement Project ($103 million); Philippines Mindanao Agro-Enterprise Development Project ($100.4 million)).
  - Direct agribusiness lending for staple food working capital and liquidity targeting nearly 300,000 smallholder farmers in 15 DMCs ($420 million; Azerbaijan, Bangladesh, Cambodia, India, Indonesia, Lao PDR, Mongolia, Nepal, Pakistan, Papua New Guinea, Philippines, Sri Lanka, Thailand, Uzbekistan, and Viet Nam).
  - Earmarked lending support to financial institutions to support approximately 30,000 food and agriculture MSME borrowers in 7 DMCs ($110 million in 2022: Cambodia, Georgia, India, Nepal, Pakistan, Philippines, and Uzbekistan).
  - Use trust funds (such as OPEC trust fund, under processing) to provide immediate financial support to agribusiness, provide emergency assistance to hard-hit countries (Sri Lanka, Mongolia), and strengthen agriculture value chains.

- European Bank for Reconstruction and Development
  - Demand for trade finance exceeds risk-taking capacity of commercial banks and insurers for countries like Ukraine.
  - Through Trade Facilitation Program, increase trade finance commitments dedicated to agricultural inputs, commodities and food products from €800 million a year to at least €1 billion a year by end 2023.
  - Immediately increasing trade finance limits in Ukraine with utilization (on a revolving basis) of €50 million for trade directly related to the agricultural value chain.
  - In North Africa, financing grain importers on a direct basis for €150m.
  - Medium-term complement of trade finance with infrastructure investments in grain storage and logistics in Ukraine (post-war reconstruction) and importing countries of North Africa and the Middle East.
  - Financial support will be paired with policy initiatives to remove trade barriers such as quotas, tariffs, and other measures.

*ififsactionplan-finalv5 - Section 1*

### Section 2

### ififsactionplan-finalv5 - Section 2

### Joint IFI and FAO coordination, trade openness, and market functioning
- EBRD will work on listed priorities as part of a joint and coordinated approach by all IFIs as well as the FAO.
- Inter-American Development Bank (IDB)
  - Advise policy dialogue in LAC countries to avoid trade restrictions (e.g., temporary export bans of food and fertilizer) that can distort international markets and amplify global food insecurity.
  - Continue to use AGRIMONITOR to inform engagement with countries in the region.
  - Seek opportunities to finance rural infrastructure (primary, secondary and tertiary roads, port infrastructure) to reduce transaction costs and improve food market efficiency.
  - Complement infrastructure with digital technologies to reduce transaction costs, improve market functioning, support trade information systems, ease communication among stakeholders, and monitor food prices, input supplies and transport services.
- International Fund for Agricultural Development (IFAD)
  - Twenty per cent of IFAD’s current portfolio of $7.7 billion focuses on market and related infrastructure.
  - Anticipates additional demand for investment due to the Ukraine crisis and is assessing how to assist countries most effectively.
  - The CRI will bring additional investments to promote local and regional markets; example: in Somalia, IFAD is investing an additional $3-5 million to improve access to information on price fluctuations and new market opportunities.
- International Monetary Fund (IMF)
  - Engaging members and working with the World Bank, the WTO, and others to promote open trade.
  - IMF’s trade policy tracker is monitoring trade restrictions on food and agricultural inputs and has identified some 20 countries that resorted to such practices since the start of 2022.
  - IMF policy advice highlights that export restrictions can trigger retaliation, exacerbate shortages, contribute to price pressures, and increase market volatility.
  - IMF country teams collaborate with the World Bank and others to help members identify ways to safeguard food security without export restrictions.
- World Bank Group (WBG)
  - West Africa Food System Resilience Program ($641 million) will apply a food system approach to transform West African food systems, cushion the war’s impact, enable emergency assistance (e.g., ECOWAS Regional Food Security Reserve), and promote intra-regional food trade to lower import dependence.
  - IFC is preparing a Global Food Security Platform targeting affected countries and Ukraine to close financing gaps for agribusinesses; focus on maintaining trade flows from alternative origins and meeting increased working capital needs through financial intermediaries and direct lending.
  - IFC examples: working capital to HSA (Yemen) to expand access to flour, sugar and dairy; financing facility to ETG to support storage and trading operations for grains and fertilizers targeting Benin, Malawi, South Africa, Tanzania, Zambia, and Zimbabwe.
  - MIGA is supporting trade finance for urgent imports and short-term agricultural loans, targeting Ukraine (through donor-supported blended finance) and countries experiencing food insecurity and shortages, including Ukraine’s export markets—especially in the Middle East and Sub-Saharan Africa.

### Goal 3 — Mitigating Fertilizer Shortages: investments, efficiency, and innovation
- African Development Bank (AfDB)
  - As part of the African Emergency Food Production Facility, a proposed $1.3 billion facility, AfDB will finance large-scale procurement of fertilizer for African countries, wholesalers and provide credit guarantees to aggregators, local input suppliers, and large fertilizer users.
  - Beneficiary countries: those eligible for AfDB loans with large shortfalls in fertilizer supply.
  - Framework proposal for the facility due for Board discussion on May 20, 2022.
  - Convened fertilizer company CEOs to analyze supply gaps and is securing commitments from African governments on policy reforms to prioritize processing at ports and transport corridors.
  - Prioritization factors: demand from regional member countries; resources allocated for 2022; severity of impact on economy and food sector; dependency on food imports; whether countries serve as a “bread basket”; country concentrations and prudential risk.
  - Will encourage open cross-border trade and commitments to reduce non-tariff barriers and other obstacles that raise fertilizer costs for farmers.
- Asian Development Bank (ADB)
  - Engage in policy dialogue to encourage increased efficient use of fertilizer.
  - Support integrated nutrient/irrigation management practices to increase fertilizer use efficiency via investment projects and technical assistance.
  - Ongoing $5.5 million GMS Sustainable Agriculture and Food Security Program (Cambodia, Lao PDR, Myanmar, PRC, Thailand and Viet Nam) includes these interventions and is being adapted to country needs.
- European Bank for Reconstruction and Development (EBRD)
  - Committed to finance technologies to expand fertilizer production and decarbonize the sector, requiring technological shifts.
  - In Egypt, expects to provide a loan in 2022 to a large private fertilizer producer to pioneer a green hydrogen to green ammonia manufacturing facility fully powered by renewable energy — the first green hydrogen to green ammonia project in Africa — aiming to decarbonize the fertilizer value chain and reduce dependence on natural gas feedstock.
- Inter-American Development Bank (IDB)
  - Promote extensive technical assistance programs to improve fertilizer use efficiency, modernize production capacities of agricultural inputs, promote practices to reduce dependence on chemical fertilizer, and encourage complementarity of chemical and organic fertilizers.
  - Projects to reduce dependency on chemical fertilizers include Panama ($40 million), El Salvador ($45 million), and Colombia ($8 million).
- IFAD
  - Investing to help small-scale farmers, fishers and livestock producers access fertilizer, bio-fertilizers and bio-fortified legume varieties through training and asset/technology provision.
  - Over 30 per cent of IFAD’s current portfolio focuses on agricultural productivity and natural resources management.
  - Early indications suggest additional investment is needed; Burundi has requested additional support for input supply (mainly fertilizer) and infrastructure.
  - Expects CRI to bring additional support: Afghanistan — investing an additional $3-5 million for inputs (including fertilizers) and technological packages for livestock; Malawi — top up by $3-5 million to scale up bio-fertilizer and bio-fortified legume work.
  - IFAD will ensure access to fertilizers and other inputs where appropriate in the identified 22 priority countries should additional funds be mobilized.
- World Bank Group (WBG)
  - Ongoing portfolio actions to mitigate fertilizer shortages: examples include Kyrgyz Republic Agricultural Productivity and Nutrition Improvement Project ($38 million) and Tajikistan Strengthening Resilience of the Agriculture Sector Project ($58 million) with specific requests for fertilizer and seeds.
  - MIGA to continue providing risk-mitigation instruments to support fertilizer manufacturing aligned with low-GHG and climate-resilient pathways; example: supported Bangladesh Chemical Industries Corporation to raise financing for a urea plant at Ghorasal replacing two obsolete plants.
  - IFC private sector interventions: provide working capital support for competitive producers, trade finance for fertilizer traders, leverage client partnerships to support urea, potash, and phosphate production where competitive, expand import/storage/distribution logistics and domestic blending, carry out country mappings for production capacity investments.
  - IFC to expand financing for local distributors and farmers to improve delivery and use of crop inputs via digital technologies where appropriate; FY22 example: partnered with financial institutions to support establishment of a financing facility for Nitron for purchase, storage and transportation of fertilizers for sales primarily into Africa and Latin America.
  - IFC supports Agrofertil in Paraguay with financing to facilitate distribution of inputs, origination of grains, pre-harvest financing and technical advice.
  - Several new fertilizer projects under consideration in Africa.

### Goal 4 — Support Food Production Now: seeds, fertilizer, productivity and planting seasons
- African Development Bank (AfDB)
  - Under the African Emergency Food Production Plan (AEFPP), AfDB will deliver certified seeds of climate adapted varieties, fertilizer, and extension to 20 million farmers across the continent, working with public and private partners, and support post-harvest management and market development.
  - AEFPP focuses on four commodities: a) scaling up wheat production with heat-tolerant varieties; b) scaling up maize with water-efficient maize; c) raising rice production across Africa; d) enhancing soybean production for nutrition-sensitive diets, and poultry and aquaculture production.
  - Plan will use digital and e-platforms to deliver support, ensuring transparency and inclusion, especially for women.
  - AEFPF’s short-term response covers the next four crop production seasons: wet season (rain-fed farming) in the Northern hemisphere; dry season (irrigated wheat) in the Southern hemisphere; wet season (rain-fed farming) in the Southern hemisphere; and the dry season (irrigated wheat) in the Northern hemisphere the following year.
  - Delivery of inputs will be high-tech, with smart subsidies transitioned to private sector players.
- Asian Development Bank (ADB)
  - Microfinance program realigning funds to provide guarantees to banks for lending to microfinance institutions to support 1.4 million farmers and rural micro-borrowers in 6 DMCs (Bangladesh, Cambodia, Georgia, India, Indonesia and Pakistan).
  - In Mongolia, repurposing and accelerating about $87.7 million to engage financial institutions to support MSMEs, farmers, and agricultural cooperatives.
  - Support Timor-Leste ($76.5 million) to improve agriculture performance, develop climate-resilient farming systems and market linkages; almost 50 percent of Timor-Leste total cereal consumption needs are met through imports.
- European Bank for Reconstruction and Development (EBRD)
  - Increase debt, risk-sharing and equity investments directly connected to the food value chain from €400 million per year to €500 million per year by end-2023.
  - In Ukraine, immediately providing up to €150 million in direct loans and risk sharing with local banks for Ukrainian agribusiness companies and SMEs (or a total of €200 million for Ukraine with the €50 million agri/food trade finance mentioned above).
- Inter-American Development Bank (IDB)
  - IDB Invest ready to scale up liquidity provision to agribusinesses through Working Capital, Trade and Supply Chain Finance platforms, directly or through financial institutions, with special focus on financing schemes for small-holder farmers and SMEs via anchor companies or financial intermediaries.
  - Continue promoting income support interventions such as vouchers for purchase of fertilizers and critical inputs and technologies, complemented by AgTech promotion.
  - Specific projects supporting food production (financed or in pipeline):
    - Haiti: “Rural Productivity and Connectivity Program with a Territorial Approach” providing vouchers to partially cover technology and input adoption ($60 million).
    - Panamá: “Sustainable and Inclusive Agricultural Innovation Project” ($41 million) to reduce liquidity constraints via vouchers.
    - El Salvador: “Strengthening the Climate Change Resilience in El Salvador’s Coffee Forests” ($45 million) provides vouchers for inputs and technologies to small landholder farmers.
    - Dominican Republic: “Sustainable Agroforestry Program” ($150 million) provides inputs and technologies for small landholder farmers.
    - Bolivia: “Direct Support for the Creation of Rural Agri-food Initiatives II” ($62 million) provides vouchers for adoption of agricultural technologies improving climate adaptation.
- IFAD
  - Demand for increased IFAD investment for local food production through core programs is increasing; IFAD seeks additional short-term investment opportunities via the CRI.
  - Mozambique has requested assistance to enhance productivity of small-scale agriculture and fisheries.
  - Yemen: IFAD will top up an existing project by $3-5 million through the CRI to provide agricultural and livestock inputs, drought resistant seeds and modern irrigation equipment.

*Source: ififsactionplan-finalv5 - Section 2*

### Section 3

### ififsactionplan-finalv5 - Section 3

### Immediate and short-term support by IFIs
- IFAD: provide trainings on water efficient technologies and practices, soil conservation techniques, and consumption of locally produced substitute e.g. millet.
- IFAD: "Should additional funds be mobilized for the CRI, IFAD will support access to finance for rural producers’ immediate needs and invest in small-scale infrastructure to improve productive capacity for small-scale producers where appropriate in the identified 22 countries."
- World Bank Group:
  - Niger: $50 million CRW ERF to support production.
  - Burkina Faso: $50 million CRW ERF and $23 million IDA.
  - Cameroon: $50 million CRW ERF and $50 million IDA.
  - Mauritania: $42 million IDA.
  - Afghanistan: $195 million Afghanistan Recovery Trust Fund (Trust Fund resources).
  - Ukraine: restructuring requested for the Accelerating Private Investment in Agriculture Program for Results ($30 million) to ensure support to small and medium farms.
  - East Africa: Contingent Emergency Response Component (CERC) activated in a number of projects to scale up WB support on food security, including through social protection schemes.
  - Emergency Locust Response MPA Program: investments to date of $147 million, with another $125 million in the pipeline.
  - IFC immediate Ukraine support: disbursed $17.5 million to Galnaftogaz and Nyva to support operations and access to key inputs and food production for the domestic market.
  - IFC assessing alternative routes to market for evacuating grains from Ukraine; evacuation would need higher financing due to longer transit times and risk mitigation requirements.
  - IFC exploring scaling up agribusiness investments focused on competitive value chains in the current environment.

### Goal 5: Investing in Climate-Resilient Agriculture for the Future
- African Development Bank:
  - Program to Build Resilience for Food and Nutrition Security: $195.6 million covering six Horn of Africa countries (Djibouti, Eritrea, Ethiopia, Kenya, Somalia, and Sudan).
  - Second project for ten West African countries for $159.75 million is going to the Bank’s Board later this year for approval.
- Asian Development Bank:
  - ADB aims to provide a cumulative $100 billion in climate finance between 2019 and 2030; climate-smart agriculture promoted as a key priority across agriculture and food value chains.
  - Developing guidelines to ensure all agriculture projects aligned to the goals of the Paris agreement in the future.
  - Developing an Innovative Natural Capital Financing Facility to attract natural capital investments to build better food systems and promote a more balanced diet.
  - Exploring digital transformation initiatives including blockchain, IoT and satellite imagery for agriculture value chains.
  - Pakistan: supporting long-term sustainable food security and response capability to locust attacks, natural disasters, and climate change ($1.5 million technical assistance).
  - Indonesia: developing a Horticulture Development of Dryland Areas Project for approval in 2022 ($125 million) with IFAD to improve food security and climate resilience.
- European Bank for Reconstruction and Development:
  - Work with producers, processors and retailers to promote a more sustainable food value chain through finance and advisory services.
  - Mobilizing a joint advisory envelope of up to $5 million with FAO, focusing on training of SMEs and smallholders.
- Inter-American Development Bank:
  - Promote policies to expand provision of public goods (access to information, land tenure, agricultural health, irrigation and infrastructure) and investments in agricultural research and innovation, fertilizer use efficiency, organic fertilizer, soil fertility, nutrition-sensitive agriculture, and climate change adaptation practices.
  - Provide technical assistance to strengthen agricultural research and innovation networks in the region.
  - Aim to finance investment projects and technical cooperation for over $400 million in 2022 to increase food systems’ resilience, inclusiveness, and productivity in LAC countries.
  - Specific projects:
    - Belize: "Sustainable and Inclusive Belize" ($15 million) to promote climate resilient technologies.
    - Bolivia: "National Pressurized Irrigation Program with a Watershed Approach" ($150 million) to finance irrigation systems for small landholder farmers.
    - Peru: "Program for the Improvement of Systemic Agrarian Services in Peru" ($40 million) to finance agricultural research and innovation with a climate change approach.
    - Dominican Republic: "Agricultural Health and Innovation Project" ($50 million) to improve animal and plant health.
- International Fund for Agricultural Development:
  - Adaptation for Smallholder Agriculture Program (ASAP+) directs targeted resources to build climate resilience of small-scale producers using nature-based solutions and climate smart practices.
  - Seven new ASAP+ investments under design for a total value of $60 million; six of the seven projects are in low-income countries and the majority are in countries facing high degrees of fragility and most affected by the current crisis.
  - Somalia example: ASAP+ will finance climate smart agriculture and innovative agroecology approaches and design/implement a pilot microfinance facility targeting vulnerable groups (women and youth); ASAP+ will add 105,000 beneficiaries to the 650,000 beneficiaries targeted by the baseline A2R2.
- World Bank Group:
  - Accelerating the Impact of CGIAR Climate Research for Africa (AICCRA): $60 million initiative to enhance access to climate information services and proven climate-smart agriculture technologies in Africa; concentrated in Ethiopia, Ghana, Kenya, Mali, Senegal and Zambia.
  - Sahel and West Africa Food System Resilience program: $641 million (Mali, Chad, Burkina Faso, Niger, Togo, Ghana and Sierra Leone) to strengthen regional food system risk management and develop regional agricultural markets; a second phase under preparation to be delivered by end of the FY.
  - New food security-related operations being prepared across regions including Cameroon, Ghana, Chad, Sierra Leone, Ethiopia, Madagascar, Lebanon, Pakistan, Bangladesh, Kyrgyz Republic, Moldova, Albania, Georgia, Kazakhstan, Ukraine, Bolivia, Nicaragua, Pakistan, Indonesia, the Philippines, etc.
  - One Health approaches: Additional financing to the Regional Disease Surveillance Systems Enhancement Project in Central Africa, Phase IV ($280 million) to ensure animal and human health.
  - IFC will re-engage in Ukraine when situation allows to rebuild agribusiness infrastructure for grain and oilseed exports.
  - IFC focus areas: deploy and scale climate smart solutions including integrated irrigation solutions using solar power; explore alternative crops for commercial production as substitutes for imported grains; promote production of horticultural crops, fruits, and affordable animal protein for diet diversification.
  - IFC will continue improving the climate impact of fertilizers via private sector investments, farmer education advisory programs, incorporation of organic matter, and ensuring new fertilizer production capacities are Paris-aligned and adaptable to newer technologies.
  - Disease and pest control, improved storage and logistics solutions to reduce food waste and farm-to-table losses; continued focus on appropriate use of crop care products and deploying cold storage and logistics solutions.

### Goal 6: Coordinating for Maximum Impact
- African Development Bank:
  - Working with Ministers of Finance and Ministers of Agriculture, Heads of MDBs, Rome-Based UN Organizations and other development partners to support the African Emergency Food Production Plan (AEFPP).
  - Planned a coordination meeting with regional member countries and development partners for May 19, 2022.
  - Will enter into agreements with WFP on input distribution and expansion of smallholder grain storage capacity in selected countries and with FAO on design of investment operations targeted to private-sector led and public-sector enabled delivery of agricultural inputs to farmers.
  - Seeking opportunities to co-finance fertilizer procurement and resilience building investment programs with other MDBs.
- Asian Development Bank:
  - Collaborated with AFD, WFP, GAFSP, FAO, OPEC Trust funds and others; will use this approach to ideate, design and implement agriculture projects.
  - Exchanges knowledge with agencies such as WFP to stay abreast of latest state of food security in the region.
  - Engaged stakeholders through the Asia-Pacific Rural Development and Food Security Forum (March 22-24, 2022) with 1000 participants to rethink future of agriculture, explore innovations and forge partnerships to mobilize finance.
  - In 2022, ADB and WFP launched projects in Afghanistan and the Philippines and are finalizing a project in Myanmar; for the Sustaining Essential Services Delivery Project (Support for Afghan People), ADB is providing direct financing to FAO, UNDP, UNICEF and WFP for immediate humanitarian support; WFP has received $135 million to enable provision of emergency food to over 800,000 people; around 168,000 people will be covered under asset creation and livelihood activities.
- European Bank for Reconstruction and Development:
  - Continue to engage regularly and in a coordinated manner with other IFIs on policies to promote food security and strengthen resilience while ensuring right incentives for private sector and no market distortion.
- Inter-American Development Bank:
  - Working closely with FAO, the World Bank, IICA, ECLAC, IFAD and other institutions through technical meetings addressing food security challenges in Latin America and the Caribbean and policies to reduce impact of the war on food insecurity.
- International Fund for Agricultural Development:
  - IFAD is a key member of the Secretary General’s Global Crisis Response Group on Food, Energy and Financing (GCRG) and liaises closely with WFP and FAO; hosts the Global Donor Platform for Rural Development (GDPRD).
  - Will continue to work with partner IFIs to scale up development finance for agriculture and rural development; aligns country programs with national priorities and strong in-country partnerships.
  - Increasing partnerships with climate finance vehicles: Global Environment Facility (GEF), Green Climate Fund (GCF) and Adaptation Fund (AF).
  - Coordinating within UN system as part of follow up to the Food Systems Summit; co-leading with the World Bank on finance as a means of implementation for food systems transformation.
- International Monetary Fund:
  - Heads of the World Bank, IMF, WFP and WTO issued a joint call for urgent action on food security on April 13, 2022.
  - IMF stands ready to continue engaging with partners participating in this IFI action plan and others, including UN entities such as WFP, FAO, and UNHCR that collaborate in the GCRG.
- World Bank Group:
  - In West Africa, working with a diverse coalition of partners (UN agencies, humanitarian and development organizations, research institutions, regional entities) on early warning systems, identifying food insecurity ‘hot spots’, and design and implementation of operations (with WFP as a key partner).
  - Actively engages and coordinates with development partners at country level through established donor coordination mechanisms.
  - WB has procedures to streamline direct financing of UN agency interventions such as WFP procurement and distribution of food where circumstances warrant and clients agree.
  - Active participant in the Food Workstream Working Group of the GCRG.

*Source: ififsactionplan-finalv5 - Section 3*

### Section 4

### Section 4

### Composition and advisory role
- GCRG is composed of representatives of multilateral agencies under the UN and Bretton Woods systems and advises the UN Secretary General.

### World Bank Group (WBG) and Global Agriculture and Food Security Program (GAFSP)
- The WBG (including IFC) has been a major participant in the externally funded and governed GAFSP, whose Coordination Unit is located at the WB.
- GAFSP has not only funded projects undertaken by the WB under its regular procedures, but also projects at many Regional Development Banks, IFAD and FAO.

### World Bank commitments and opportunities in the current crisis
- The WB is committed to longer-term adaptation and resilience agenda and in its responses, also taking into consideration and building upon commitments and agreements from the UN Food Systems Summit and the UN Climate Change Conference (COP26).
- The current crisis also offers opportunities to make food systems more sustainable, nutritious, and resilient – for example by investing in biofertilizers, improving fertilizer use efficiency, restoring marine ecosystems, reducing water use in rice systems, reducing food loss and waste, and leveraging technology.

### Global Alliance for Food Security (GAFS) announcement and launch
- Following the recent announcement by Svenja Schulze, Federal Minister for Economic Cooperation and Development, Germany during the WBG Spring Meetings, to establish a ‘Global Alliance for Food Security1’ (GAFS); and unanimous endorsement of GAFS during a DG-level G7 meeting the week of May 9, the Global Alliance will be formally launched as an initiative of the G7 Presidency, supported by the World Bank, at the G7 Development Ministers Meeting on May 18, 2022 in Berlin.
- This forum is intended to be a temporary platform to achieve maximum synergy and complementarity in mounting a short-term response over the next two years.

### Footnote detail
- Objective of GAFS is to, ‘Catalyze an agile, immediate, and coordinated response to the unfolding global food security crisis as an act of solidarity in support of those most affected.’
- Important to note that GAFS is not a new institution; rather, it is a political alliance for like-minded countries/institutions to lend support to and leverage existing structures, mechanisms, and initiatives.

*Source: ififsactionplan-finalv5 - Section 4*

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_Source: https://www.imf.org/-/media/files/news/press-release/2022/ififsactionplan-finalv5.pdf_