UN's IFAD President Advocates for Rural Investments to Combat High Food Prices

What's Happening?

Alvaro Lario, President of the UN’s International Fund for Agricultural Development (IFAD), has emphasized the need for strategic investments in agriculture and rural development to address rising food prices globally. During a video statement at the Special Event dedicated to the State of Food Security and Nutrition in the World 2025 report, Lario highlighted the impact of inflationary pressures caused by the COVID-19 pandemic, the war in Ukraine, and climate shocks. He noted that low-income countries are particularly affected, with food price inflation reaching 30% in May 2023. Lario stressed that agrifood systems are crucial for macro-economic stability and urged increased investment in rural economies.

Why It's Important?

The rising food prices have significant implications for global food security, particularly affecting the poorest and most vulnerable populations who spend a larger share of their income on food. Strategic investments in rural economies could alleviate these pressures, ensuring access to healthy diets and preventing future price increases. This approach could stabilize economies in low-income countries, reducing hunger, food insecurity, and malnutrition. The emphasis on agrifood systems highlights their role in maintaining economic stability and supporting sustainable development goals.

What's Next?

The full report on the State of Food Security and Nutrition in the World 2025 is set to be launched on July 28, which may provide further insights into the necessary steps for addressing food price inflation. Stakeholders, including governments and international organizations, are expected to consider these recommendations to enhance rural and agricultural transformation. The focus will likely be on implementing policies that support sustainable investments in agrifood systems.