Goals on Poverty, Hunger require UGX 943 Trillion Annually

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In short
Despite decades of commitments and considerable effort to end poverty and hunger, nearly 800 million children, women and men still go hungry every day, and an almost equal number live in extreme poverty. The majority of these poor and hungry people live in rural areas of developing countries.

The world must take urgent action to mobilize an estimated USD 265 billion (943 trillion Shillings) needed each year to end poverty and hunger, Kanayo F. Nwanze, President of the International Fund for Agricultural Development (IFAD) says.

He observes that despite decades of commitments and considerable effort to end poverty and hunger, nearly 800 million children, women and men still go hungry every day, and an almost equal number live in extreme poverty. The majority of these poor and hungry people live in rural areas of developing countries.

Kanayo says that Investments need to be targeted to transform rural areas into vibrant places that offer all people the opportunity to have decent jobs and lead dignified lives free of poverty and hunger.

Ending extreme poverty and eradicating hunger are two of the 17 Sustainable Development Goals which the world hopes to achieve by 2030.

"The need is urgent," Kanayo said during a conference, titled "Investing in inclusive rural transformation: innovative approaches to financing," that has just ended in Rome.  The conference comes at a critical time with political changes and humanitarian crises - such as war, migration and natural disasters - reshaping global priorities and potentially diverting money away from development.

He emphasizes the need to make it easier for the private sector and philanthropists to invest in rural areas, where rates of poverty and hunger are highest. Kanayo further stresses a need to be more creative in using public resources and mobilize financing.