The European Investment Bank (EIB) announced new partnerships to help fight hunger and support farmers in rural areas. These new projects and agreements were announced at the big development finance conference in Seville, Spain, according to a press release.
EIB Vice-President Ambroise Fayolle said the bank wants to help people who need it most by working with UN groups and the Global Alliance against Hunger and Poverty.
“We want to help farmers—especially women—deal with climate change, improve nutrition, and make farming stronger,” Fayolle said.
One new step is a partnership with the World Food Programme (WFP). The two groups will work together on projects like building better roads for food, improving nutrition, and making it easier for small farmers to get loans. They will focus especially on sub-Saharan Africa and places hit hard by conflict or drought. Rania Dagash-Kamara from WFP said this partnership “shows our shared commitment to real projects that tackle hunger and help communities recover.”
The EIB also renewed its deal with the Food and Agriculture Organization (FAO) through 2030. The bank is giving €1.4 million to help FAO find and prepare projects that support climate-smart farming. A big part of this is helping small businesses and farmers get the money and support they need.
In 2024, the EIB joined the G20’s Global Alliance against Hunger and Poverty, led by Brazil. The bank says it will keep backing programs that mix social support with better access to education, health, and financial services for people living in poverty.
