Gilbert F. Houngbo, the President of the International Fund for Agricultural Development (IFAD), stressed the need to "focus more on inclusive, 'Green' finance for food systems" as he addressed the Finance in Common Summit 2021 organized by the Cassa Depositi e Prestiti (CDP) in Rome on Tuesday.
Houngbo said public development banks (PDBs) like CDP have the capacity to provide rural enterprises and small-scale farmers with the funding they need to promote "the transformation of food systems, at the same time improving their means of subsistence and their resilience.
"Each year 350 billion dollars will be needed to transform the food systems," he added.
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