Conveners: Government of Rwanda, in partnership with the African Union (AU) Special Envoy on Food Systems.
Organizers: IFAD, The World Bank, AKADEMIYA2063, GAIN, AGRA.
IFAD and AKADEMIYA2063 released an overview of key trends in external development financing for food systems in support of African countries—before and after the 2021 UN Food Systems Summit. The report underscores the urgency of country-owned and actionable strategies for unlocking, increasing, and repurposing investments. Africa still lags in securing the financing required to transform its food systems, as countries on the continent rely heavily on a small number of donors for food systems financing, making them vulnerable to shifting priorities.
Against this backdrop, six African governments have requested access to the 3FS Framework to ensure comprehensive financial intelligence on their in-country food system flows. Following completion in Kenya and Niger, the 3FS is now being extended to the governments of Benin, Nigeria, Rwanda, and Tanzania.
The 3FS Framework, co-designed by IFAD and the World Bank, empowers national leaders and stakeholders with critical financial intelligence. It enables them to identify food financing opportunities, anticipate shortfalls— such as those many African countries are currently facing—and proactively mitigate risks.
Organized under the auspices of the African Union Special Envoy on Food Systems, in partnership with AKADEMIYA2063, the International Fund for Agricultural Development (IFAD), the World Bank, the Global Alliance for Improved Nutrition (GAIN), as well as AGRA and the Africa Food Systems Forum (AFSF), this event will allow African decision-makers and stakeholders to exchange knowledge, share bold solutions, and strengthen collective action on financing strategies that will transform the continent's food systems.
Through a roundtable, the event will provide a platform for an in-depth discussion on:
1) Financial intelligence for African food systems financing in a rapidly evolving global landscape;
2) Country experiences in tracking financial flows across entire food systems; and
3) Bold, actionable, country-led approaches pioneered across African countries to unlock, accelerate, and repurpose food systems financing.
