The Power of Private Investment: Leveraging the Strengths of Business to Meet Food Security Goals - Open Table Dinner Series
On the eve of the 2012 G8 announcement of the New Alliance for Food Security and Nutrition, The Chicago Council on Global Affairs convened a small group of business, government, and civil society leaders from the U.S., Europe, and Africa to discuss the private sector’s role in meeting food security goals. This issue brief summarizes the dinner discussions.
May, 2012 -The New Alliance for Food Security and Nutrition announced at the Camp David G8 summit highlights the shared commitment among G-8 and African leaders, private business, and non-profit organizations to achieving global food security. Building on the commitments made at the L’Aquila G8 summit three years ago, it will spur US$3 billion in initial investment by private companies across the agricultural value chain. This private sector investment, coupled with sustained public sector support, may be the key to turning the New Alliance vision into a reality.
Due to declining mortality rates and high birthrates, half of the world’s population growth over the next forty years will be in Africa—which will have twice the population of China in 2050. To meet this exploding demand for food and increased agricultural output, a new model is needed that brings governments, business, farmers, and civil society together to build lasting social, environmental, and economic change in the food sector in Africa and other parts of the world.