Bank will invest $2.9 billion to support the Country Food and Agriculture Delivery Compacts; appoints Special Envoys to fast-track implementation
, six Africa n countries have set up Presidential-level Councils to drive implementation of the Country Food and Agriculture Delivery Compacts agreed at the summit, while another twelve countries are at various stages of establishing their councils.
In his remarks, Adesina identified various obstacles to Africa's ability to feed itself, including climate change, global volatility of food prices, and geopolitical shocks. He reiterated the Bank's commitment to investing $25 billion over a ten-year period to increase food production and bolster the continent's agricultural resilience.
"We believe agriculture is the entry point for real development intervention in Sierra Leone," he said. Gwen Mwaba, Director & Global Head, Trade Finance, African Export-Import Bank highlighted the role of trade financing as a"great facilitator" for supporting Africa's food security and resilience. She shed light on Afreximbank's"trade guarantee" options for exporters and counterparties, as well as its financing support for the procurement and production of fertilizers by African countries.
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