Resolving the challenges of achieving universal food and nutrition security in a sustainable manner requires significant and well-coordinated investments by the public sector, the private sector and civil society. This is well recognised in both the 2002 Monterrey Consensus and the 2009 Doha Declaration, and is reflected in the more recent FAO Private Sector Strategy and the ACP Private Sector Development Strategy. These hallmark initiatives highlight the critical importance of mobilising both domestic and international financial resources, leveraging international trade and increasing international development cooperation to achieve sustainable development goals and simultaneously promote competitiveness and inclusiveness.
While there is consensus on the necessity for both public- and private-sector investments in the agrifood sector, the specific nature of these investments and how to better coordinate them to achieve sustainable food and nutrition security are still unanswered questions, which the side event will seek to address.
The side event will share best practices and identify priority areas for coordinated public and private investments in developing food value chains and food systems, with benefits for small and medium-sized agro-enterprises, the agrifood sector and the overall economy. In addition, the panel will highlight the importance of coordinated investments by the public and private sectors in food value chains and food systems to achieve Sustainable Development Goal 2 on ending hunger, improving food security and promoting sustainable agriculture and Goal 8 on inclusive and sustainable economic growth, full and productive employment and decent work for all.
The high-level panellists – the Ethiopian Minister of Agriculture, the Director for Sustainable Growth and Development, European Commission (DG Europaid), the Secretary General of the ACP Secretariat, the FAO Director General, the CTA Director, the Vice-President of the European Investment Bank, the President of the Rabobank Foundation, and the GIZ Director for Africa - will provide examples of success and demonstrate how transformative public–private partnerships can lead the way towards the economic transformation of Africa.
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