Nepal to get $46.5m grants for agriculture, food security

Partners in the Global Agriculture and Food Security Programme (GAFSP) -- a new fund to increase agriculture productivity and reduce poverty -- announced that Nepal, Cambodia, Liberia and Tajikistan will receive the fund’s third round of grants totaling $160 million.
Nepal will receive $46.5 million, and the programme funds will enhance household food security in the poorest and most food-insecure regions through increased agricultural productivity, household incomes and awareness about health and nutrition in the mid-western and far-western development regions, it said.
At a time when food prices are on the rise, the grants will help each country to increase food security, raise rural incomes and reduce poverty by enabling small holder farmers to grow more crops and earn more, the World Bank said.
"In its actions, Global Agriculture and Food Security Programme has again demonstrated that it is smart and effective," US Under Secretary of the Treasury for International Affairs Lael Brainard, said, adding that the fund is reducing hunger in some of the poorest countries, and is reaching farmers and families.
However, the fund requires more resources if it is to sustain course. If other donors do not contribute soon, other deserving poor countries will be turned away and our efforts to strengthen global food security will be weakened during a critical moment of need.
"We encourage our partners in the G-8 and the G-20 to join us in this effort by investing in Global Agriculture and Food Security Programme and helping to reduce hunger and poverty," he added.
The World Bank estimates that the most recent food price spike drove an additional 44 million people into poverty. According to the Food and Agriculture Organisation, 925 million people are hungry and undernourished.
With the outlook for future food prices uncertain, the programme seeks to improve food security and reduce poverty by delivering targeted financing for the agriculture sector in low-income countries.
"With food prices remaining high and volatile, developing countries are requesting support for their efforts to improve agricultural productivity,” World Bank managing director Ngozi Okonjo Iweala, said, adding that the bank see this as an integral part of the campaign to ‘put food first.'
It is the third round of countries to receive funding to support country-driven investment in agriculture and food security through the programme. Of the 25 countries that had applied prior to the October 1, 2010 deadline, 12 have now been awarded grants.
“Additional resources for investment help the countries to make strategic moves for food security, elevate the sectors concerned, and realise the long-term plan objectives of a decent life for the people and thus enable us, in a time of food crisis, to work towards a collective future for the world, " said, the programme Steering Committee South Asia Representative Kazi M Aminul Islam.
The winning countries were selected by the fund’s Steering Committee based on the recommendations of an independent review conducted by global agriculture experts.
In addition to having strong needs, the successful proposals demonstrated a comprehensive national agriculture strategy, technically sound interventions to increase agricultural productivity and a commitment to invest their own resources in the agriculture sector.
Australia has pledged a total of $925 million to the programme, whereas Bill and Melinda Gates Foundation, Canada, Ireland, South Korea, Spain, and the US, with funds going to countries that have strategic, innovative and credible plans already in place to improve agricultural productivity and food security.
Earlier, Bangladesh, Ethiopia, Haiti, Mongolia, Niger, Rwanda, Sierra Leone and Togo were awarded the programme funding in previous rounds.