Home Business Agriculture World Bank Earmarks $500m For Food Security, In Africa, Middle East
Agriculture

World Bank Earmarks $500m For Food Security, In Africa, Middle East

Share
Rice Farm
Share

The World Bank Group approved today a US$500 million program to help countries in Africa and the Middle East fight the locust swarms that are threatening the food security and livelihoods of millions of people.

The Emergency Locust Response Program (ELRP), approved today by the World Bank’s Board of Executive Directors, will focus on providing immediate assistance to help poor and vulnerable farmers, herders, and rural households overcome one of the worst locust upsurges in decades. ELRP will provide immediate support to affected households through targeted social safety nets like cash transfers, while investing in the medium-term recovery of agriculture and livestock production systems and rural livelihoods in affected countries.

The first countries to be financed under the initial phase of the program are Djibouti, Ethiopia, Kenya, and Uganda, with a total financing package of US$160 million.

“Locust swarms present a double crisis for countries that are also battling the COVID-19 pandemic,” said World Bank Group President David Malpass. “Together, this food supply emergency combined with the pandemic and economic shutdown in advanced economies places some of the world’s poorest and most vulnerable people at even greater risk.”

East Africa already has 22.5 million severely food insecure people and 10.8 million forcibly displaced people, according to the UN’s Office for the Coordination of Humanitarian Affairs.

The World Bank has estimated that, without broad-scale, coordinated control measures to reduce locust populations and prevent their spread to new areas, potential damages and losses to crop and livestock production and related assets in the greater Horn of Africa, including Yemen, could reach as high as US$8.5 billion by the end of this year. By helping to mobilize a rapid response and more effective locust control measures, anticipated damages and losses will still be an estimated US$2.5 billion. This is why the ELRP will fund measures to protect livelihoods of the poor and vulnerable impacted by the locust crisis.

In addition to protecting livelihoods, physical assets and human capital of affected households, the program will deliver seed packages and other inputs to affected households to help restore farm production and livelihoods as quickly as possible. It will also finance investments to strengthen surveillance and early warning systems so that countries are better prepared to combat future outbreaks.

As of early May 2020, locust swarms have infested 23 countries across East Africa, the Middle East, and South Asia. This upsurge is the biggest outbreak faced by some countries in 70 years. Favorable breeding conditions through May will likely result in a new round of swarms in late June and July, coinciding with the start of the harvest season.

The program’s design builds on the strong technical foundation of desert locust management created by the Food and Agriculture Organization of the United Nations (FAO), which is already working with affected countries to ensure locust control operations are done safely and effectively. The World Bank and the FAO will enhance their ongoing collaboration through the program.

ELRP will employ a multi-phased programmatic approach that allows for the fast preparation of similar projects in the future. Financed through the International Development Association (IDA), the World Bank’s fund for the poorest, it makes available an initial US$500 million in financing for eligible countries to request support. Its flexible financing package means that ELRP can expand quickly to new countries depending on where the locust swarms move. All countries eligible to receive IDA and IBRD resources can access support.

Source: laudbusiness.com

Share

Businesstoday Magazine

Businesstoday Conference/Awards

Related Articles

Lagos, Bulgaria To Partner On Agriculture, Food Security, Commerce

Lagos State Governor, Mr Babajide Sanwo-Olu, on Monday said the State is...

Nigeria, Brazil Sign MoU To Boost Agribusiness In 774 Local Govt

The Federal Government of Nigeria, through the Ministry of Agriculture and Food...

OPEC Fund Signs US$40 million Loan Sustainability-linked Loan For ETC Group

The OPEC Fund for International Development (the OPEC Fund) (www.OPECFund.org) has signed...

USAID, Nigeria Empower 311 Agric MSMEs

The Federal Government of Nigeria has empowered 311 Micro, Small, and Medium...