This weekend, the leaders of the world’s largest economies and four African heads of state will come together at the 2012 G8 Summit at Camp David for a very different kind of discussion on Africa. Joined by private sector leaders for the first time, the President will host a dynamic discussion on global efforts to fight food insecurity and improve nutrition. In 2009 at the G8 Summit in L’Aquila, Italy, President Obama and G8 leaders responded to the spike in world food prices and focused attention on strengthening food security to help countries end hunger. Reversing decades of decline in global agricultural development, L’Aquila committed leaders to supporting comprehensive plans designed by the developing countries themselves and built around smarter, more focused investments.
This weekend, the G-8 and African partners will launch the next phase of these efforts: the New Alliance for Food and Nutrition Security. The New Alliance is a commitment by G8 nations, African countries and private sector partners to lift 50 million people out of poverty over the next 10 years through inclusive and sustained agricultural growth.
A boy and a woman struggle with dusty wind looking for water in Wajir, Kenya
(by Jervis Sundays, Kenya Red Cross Society)
Across history, the private sector has served as an engine of growth and transformation in nearly every country in the world. But although foreign direct investment flows to Africa now hover around $80 billion and trade has tripled over the last decade, this private sector boom has largely missed Africa’s agricultural economy.
Fonte: White House