Multilateral Development Banks Call for Increased Investment in Fertilizer Supply Chains to Combat Crisis
Six multilateral development banks and international financial institutions, including the AfDB Group, ADB, European Bank for Reconstruction and Development (EBRD), Inter-American Development Bank (IDB) Group, International Fund for Agricultural Development (IFAD), and World Bank Group, have issued a joint statement urging greater investment across fertilizer supply chains. This call encompasses production, processing, blending, storage, transportation, and other critical infrastructure. The statement also advocates for improvements in soil diagnostics, fertilizer recommendations, precision nutrient management, digital agriculture, farmer advisory services, research, innovation, and market monitoring. This initiative aims to build more robust systems that ensure the continuous movement of agricultural inputs and food, addressing the current fertilizer crisis and strengthening resilience against future shocks.