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ProjectStrengthening Resource Mobilization Strategies to Eradicate Hunger and Malnutrition, and to Foster Sustainable Rural Development and Climate-Resilient Agriculture - TCP/RLA/3718 2022For more than 25 years, official development assistance ( has been distributed on the basis of a classification of countries by income Developed by the World Bank, this establishes a graduation system which places countries in high, upper middle, lower middle and low income categories While this methodology certainly provides highly useful information and data for macro economic analysis, it provides an average figure and therefore fails to highlight inequalities within the countries The Latin American and Caribbean region faithfully reflects this situation, as it has yet to efficiently address the challenges of halting malnutrition, strengthening rural agriculture and building resilience to climate change Despite the region’s growth in recent years, with most countries in the high and upper middle income brackets, the idea that they can take control of their own development, through domestic financing, fails to take into account the inequalities that can be generated in terms of domestic wealth distribution, climate vulnerability or social and political instability It is also possible to identify pockets of absolute poverty within each country, which still require technical and financial expertise and, hence, continue to require international cooperation A greater contribution is expected from the private sector through financial instruments that attract investment in line with the Sustainable Development Goals ( Currently, countries and stakeholders in the region have insufficient knowledge of private financing mechanisms and public private partnerships for project development, thereby hampering access to new resources The project aimed to develop conceptual frameworks on resource mobilization trends and opportunities for Latin American and Caribbean countries, while striking a structural balance between the different thematic areas in which FAO provides technical assistance and support The aim was to assist countries in identifying sources of financing that would enable them to achieve the SDGs, and to bring the corresponding strategic partners closer to the region and actively seek new private financing mechanisms At the national level, the objective was to increase the resources available to execute technical collaboration projects, through close interaction between governments, cooperation agencies and the private sector The desired outcome was to provide the region with a strategy for mobilizing resources to combat hunger and poverty among rural populations that are also vulnerable to climate change For this purpose, regional coordination is needed to support the project, which will help identify experiences and lessons learned that can be replicated or adapted in other countries at a later stage.
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Brochure, flyer, fact-sheetThe FAO Drought Finance Tracker 2024
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No results found.The United Nations Convention to Combat Desertification (UNCCD) has established a Drought Initiative, under which the Food and Agriculture Organization (FAO) has initiated a comprehensive program to address various aspects of drought and aid countries in their preparedness efforts. The program focuses on enhancing drought resilience in agriculture and improving food security. To achieve this goal, FAO developed various digital tools and capacity-building activities to promote drought preparedness. One of the key outcomes of this effort is the FAO Drought Finance tracker, a user-friendly and innovative platform hosted on the FAO Drought Portal that provides statistics and analyses on drought finance. It enables decision-makers to gain a global overview of finance trends, download and share financial flow statistics, and conduct advanced finance flow analyses. -
Brochure, flyer, fact-sheetDrought finance 2024
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No results found.In order to effectively tackle the financial limitations of drought, it is crucial to implement significant changes in financial approaches. This can be achieved by exploring innovative financial tools and funding sources that can help mitigate the impacts of droughts and strengthen the flow of financial resources. Financial innovations are crucial for building resilience against droughts, from financing risk management to post-disaster relief. These innovations should focus on enhancing preparedness and delivering measurable outcomes, thereby utilizing finance for integrated drought management.To effectively tackle financial challenges related to drought, it is important to coordinate efforts among stakeholders across different levels, including the private sector. Facilitating direct engagement between beneficiaries, academia, and financial institutions can help ensure a steady flow of financial resources. Utilizing a combination of innovative financial instruments can effectively mitigate various impacts of drought, but it is important to tailor the approach to the specific context. Ultimately, the success of such innovation relies on the ability to transform technological and scientific advancements into practical financial products.
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