The Global Agriculture and Food Security Program (GAFSP) is a multilateral mechanism to assist in the implementation of pledges made by the G20 in Pittsburgh in September 2009. The objective is to address the underfunding of country and regional agriculture and food security strategic investment plans already being developed by countries in consultation with donors and other stakeholders at the country-level. This will make aid contributions toward the achievement of the Millennium Development Goal 1 to cut hunger and poverty by half by 2015 more predictable.
The Global Agriculture and Food Security Program (GAFSP)is based on aid effectiveness principles and better coordinates donor support for strategic, country-led, agricultural and food security plans that produce results on the ground. It was launched in April 2010 by the International Finance Corporation (IFC) to assist the G20’s support for agriculture and food security to both the public and private sectors.
GAFSP finances medium- to long-term investments needed to: raise agricultural productivity; link farmers to markets; reduce risk and vulnerability; improve non-farm rural livelihoods; and scale up the provision of technical assistance and capacity development.