The World Bank Group today announced a strategic pivot in its approach to agribusiness with a goal to create a comprehensive ecosystem for the industry.
The shift will combine a new way of working with a new level of investment—doubling its agri-finance and agribusiness commitments to $9 billion annually by 2030.
The new approach arrives as four trends are fundamentally reshaping the agribusiness landscape: climate change, innovations in finance, digitalization, and solutions to fragmentation.
It also aims to take advantage of demand for food that is set to increase by 60 per cent in the coming decades and respond to a critical need for jobs in emerging markets.
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