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Home » Africa News » United States and African Development Bank forge stronger
ties to boost food production
UNITED STATES AND AFRICAN DEVELOPMENT BANK FORGE STRONGER TIES TO BOOST FOOD
PRODUCTION
Posted By: January 25, 2024
Secretary of State Blinken and Bank President Adesina Highlight Africa’s Efforts
to Feed Itself and Rest of World; Welcome Increased Support and Investment in
African Initiatives.
United States Secretary of State Antony Blinken has praised the African
Development Bank Group for the exceptional efforts it is undertaking to help
Africa feed itself and the rest of the world.
“Extraordinary work is being done to get to a place where Africa feeds itself
and a place where Africa feeds the world. I’m convinced that can happen,”
Secretary of State Blinken said during a visit hosted by African Development
Bank Group President, Dr. Akinwumi A. Adesina in Abidjan on Tuesday. The two met
at the headquarters of AfricaRice—a pan-African centre of excellence for rice
research, development, and capacity building that implements Bank agricultural
programmes.
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Welcoming Secretary Blinken, President Adesina said, “This is the first time
that a US Secretary of State would visit the African Development Bank and its
work. Secretary Blinken’s visit is historic and provides great momentum for our
work to feed Africa. I applaud Secretary Blinken’s strong leadership and
commitment to food security and look forward to working closely with him and the
US government to advance our joint efforts to support Africa to feed itself and
help feed the world.”
Thanking the US for its support to the Bank Group’s key agricultural
initiatives, Dr. Adesina said: “I applaud the work President Biden is doing for
global food security. I’m delighted with the partnership we have with the US
Government to help us move forward on food security in Africa.”
Dr. Adesina also thanked Secretary Blinken for a new grant of $9.5 million to
support the Bank’s Technologies for African Agricultural Transformation
initiative, or TAAT. The grant, which is a part of the larger US Government
“Feed the Future” global hunger initiative, will be used for the second phase of
the Bank programme called TAAT II, to help African countries increase food
production, introduce climate-smart technologies, and expand extension services.
To date TAAT has deployed climate-resilient agricultural technologies and
fertilizers to 13 million African farmers in 40 African countries to help boost
the continent’s food production and food security. The USAID grant will help
expand the reach of TAAT II further.
The United States will work with the African Development Bank to identify
opportunities to partner with the US State Department’s Vision for Adapted Crops
and Soils (VACS) activities and develop an investment strategy.
TAAT aims to double the productivity of staple crops, livestock, and fisheries,
by making proven technologies available to more than 40 million agricultural
producers by 2025. This will produce an additional 120 million tons of food.
Alluding to that work, Blinken said: “The African Development Bank is making the
necessary investments in sustainable production in a smart effective way and
along with its AfricaRice programme maximising crops and producing crops that
can stand up to climate change.”
Commending the African Development Bank President Dr. Adesina for his global
leadership, Secretary Blinken said, “I applaud the Bank and your leadership for
the powerful and inspiring impact of your initiatives. You are setting an
example for others about how a bank is run.”
Beyond crops such as rice, Secretary Blinken said the Biden administration was
convinced that there is tremendous potential in investing in the production of
crops that are climate-resilient and are highly nutritious including some of
Africa’s neglected traditional foods.
The Bank launched the AfricaRice initiative in 2018 to boost rice production. It
now has 28 country members across Africa with some 15 of those expecting to
shortly reach rice self-sufficiency.
“Since 2018 rice yields have increased by 25% and livelihoods by more than 31%,”
said AfricaRice Director General Dr. Baboucarr Manneh, who also took part in the
visit.
The United States of America is the second-largest shareholder of all African
Development Bank member countries, and the largest contributor in cumulative
terms to the African Development Fund, which provides concessional funding to
Africa’s poorest countries. During the visit, President Adesina highlighted the
sustainable impact of United States investment in Bank operations that align
with shared priorities in Africa.
Advertisement
The Bank and the US Government share a long-standing, results-oriented track
record of collaboration on several issues, including:
* Food Security: In December 2022, the United States announced
$15 million (https://apo-opa.co/498phii) to support the Bank’s African
Emergency Food Production Facility, introduced in May 2022 in response to
food supply disruptions across the continent arising from the Russia-Ukraine
war.
* Agricultural Transformation: The US Administration also recently pledged
support for the Africa Disaster Risk Financing Programme (ADRiFi) to help
African nations be more resilient to climate shocks like flooding and
drought.
* Corridors: The US and the African Development Bank are among the signatories
to a memorandum of understanding that joins global partners to mobilize
resources for the Lobito Corridor. When completed, the rail and road
programme will expand an economic corridor connecting Angola, the Democratic
Republic of Congo and Zambia to global markets. The programme will also
provide opportunities for agricultural value chain development that use the
transport infrastructure along the Lobito corridor. The Bank has committed
$500 million to support this project. The Bank is also working with the US
and other development partners to approve and fund corridors across the
continent.
The African Development Bank Group is contributing to the sustainable economic
development and social progress of African countries. The Bank operates around
five strategic priorities: Industrialize Africa, Integrate Africa, Light up and
Power Africa, Feed Africa, and Improve the quality of life for the people of
Africa.
Distributed by APO Group on behalf of African Development Bank Group (AfDB).
Download images: apo-opa.co/3OfHPoW
Contact:
Communication and External Relations
media@afdb.org
About the African Development Bank Group:
The African Development Bank Group is Africa’s premier development finance
institution. It comprises three distinct entities: the African Development Bank
(AfDB), the African Development Fund (ADF) and the Nigeria Trust Fund (NTF). On
the ground in 41 African countries with an external office in Japan, the Bank
contributes to the economic development and the social progress of its 54
regional member states. For more information: www.AfDB.org
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was forced to step down from a previous leadership role with a nonprofit due to
accusations... - Social News XYZSocial News XYZ
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College football brawls after controversial flag moves (Video) - Social News
XYZSeveral players for some popular college football teams around the U.S. took
to fighting as a controversial flag move grows in popularity. USA TODAY's Dan
Wolken joins CBS News with more on the brawls. CBS... - Social News XYZSocial
News XYZ
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The Islamic Corporation for the Insurance of Investment and Export Credit
(ICIEC) and Export-Import Bank of Malaysia Berhad (MEXIM) Sign Strategic
Retakaful Agreement to Boost Global Trade - Social News XYZThe Islamic
Corporation for the Insurance of Investment and Export Credit (ICIEC)
(https://ICIEC.IsDB.org), a Shariah-compliant multilateral insurer and a member
of the Islamic Development Bank (IsDB) Group, has entered into a strategic Quota
Share Retakaful... - Social News XYZSocial News XYZ
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