Gilbert F. Houngbo, the President of
the International Fund for Agricultural Development (IFAD),
stressed the need to "focus more on inclusive, 'Green' finance
for food systems" as he addressed the Finance in Common Summit
2021 organized by the Cassa Depositi e Prestiti (CDP) in Rome on
Tuesday.
Houngbo said public development banks (PDBs) like CDP have the
capacity to provide rural enterprises and small-scale farmers
with the funding they need to promote "the transformation of
food systems, at the same time improving their means of
subsistence and their resilience.
"Each year 350 billion dollars will be needed to transform the
food systems," he added.
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