World Bank to double agribusiness commitment by 2030
The Philippine Star|January 03, 2025
The World Bank plans to double its commitment to the agribusiness sector to $9 billion each year by 2030 as part of a push to create jobs in developing economies, the bank's president said.

Ajay Banga, who took over the 80-year-old development lender in 2023, told an event at the Annual Meetings of the International Monetary Fund and World Bank in Washington that there were some important shifts taking place in the agribusiness sector.

These include the growing risks to agriculture from climate change, and the creation of new financial tools for "derisking" the sector that should help boost private sector funding.

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