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Agribusiness
"The major donor countries have not yet fully realized that the root cause of many social ills - youth unemployment, migration, urban slums, and immigration stem from the lack of investment in rural space." 1
-Lennart Bage
President, International Fund for Agricultural Development (IFAD)
Agricultural and rural sectors have suffered from neglect and underinvestment over the past 20 years. Entrepreneurship is a key element in assisting and improving rural income opportunities and economic growth. PPAF is collaborating with business, governmental, non-profit, and community interests in pilot countries to identify solutions and take action for sustainable rural development.
Key Facts 2
- While 75 percent of the world's poor live in rural areas, a mere 4 percent of official development assistance goes to agriculture in developing countries
- Global food supplies are under pressure from expanding demand for food, feed, and biofuels, the rising price of energy, increasing land and water scarcity, as well as the effects of climate change.
- For the poorest people, GDP growth originating in agriculture is about four times more effective in reducing poverty than GDP growth originating outside the sector
Our Response
PPAF is supporting development of fish farming in the Dominican Republic as follow-up to its conference held in December 2007. PPAF is also exploring financing and investment in cacao, sugar cane production for ethanol, and vegetable production in the Dominican Republic. See project descriptions under "Where We Work."
1. World Bank Press Release dated October 19, 2007
2. UN Press Release dated February 15, 2008
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“The United Nations can only do its job properly with partners. We will need to forge even closer ties to civil society groups, foundations, academic institutions, the media, labour unions, and the private sector. Each has unique contributions to make.”
-Ban Ki-moon
UN Secretary-General,
Address to UNA-USA Business Council
for the UN,
New York, 10 January 2007
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PPAF's Blog: Public-Private Partnerships for Sustainable Development
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