Leaders of G20 Pledge to Combat Global Hunger and Malnutrition
NEW DELHI – Leaders of the world’s major economies, under the banner of the G20, have pledged to combat global hunger and malnutrition, as outlined in the New Delhi Leaders’ Declaration. The commitment aligns with the 2023 G20 Deccan High-Level Principles on Food Security and Nutrition.
Urgency to Augment Research Cooperation on Climate-Resilient and Nutritious Crops
- The declaration highlighted the urgency to augment research cooperation on climate-resilient and nutritious crops, such as millets, quinoa, and sorghum.
- Emphasizes the significance of other traditional staples like rice, wheat, and maize.
Immediate Action to Boost Access to Fertilizers and Reinforce Local Production
- G20 leaders highlighted areas for immediate action, including boosting access to and efficient use of fertilizers.
- Reinforcing local fertilizer production and focusing on soil health.
Push for Innovations and Investments in Agricultural Productivity
- The commitment includes the push for innovations and investments that enhance agricultural productivity.
- Cut food wastage and bolster sustainable and climate-friendly food systems.
Support for Developing Nations and the Right to Adequate Food
- G20 leaders affirmed their support for developing nations in meeting their food security goals.
- Guaranteeing the right to adequate food for all.
Facilitating Open and Fair Agriculture, Food, and Fertilizer Trade
- Open, fair, predictable, and rules-based agriculture, food, and fertilizer trade will be facilitated.
- Export prohibitions or restrictions and market distortions will not be imposed.
Strengthening Transparency and Collaboration in Agriculture
- G20 leaders agreed on strengthening the Agricultural Market Information System (AMIS) and the Group on Earth Observations Global Agricultural Monitoring (GEOGLAM).
- Supporting greater transparency to avoid food price volatility.
- Enhancing collaboration with early warning systems.
Addressing Global Food and Energy Price Volatility
Although global food and energy prices have fallen from their peak levels, the potential for high levels of volatility in food and energy markets remains, given the uncertainties in the global economy. The G20 leaders take note of the G20 Report on Macroeconomic Impacts of Food and Energy Insecurity and their Implications for the Global Economy.
Supporting the International Fund for Agricultural Development (IFAD)
The G20 leaders look forward to an ambitious replenishment of the International Fund for Agricultural Development (IFAD) resources at the end of the year by IFAD members to support IFAD’s fight against food insecurity.
Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint.
Download The Mint News App to get Daily Market Updates.
Updated: 09 Sep 2023, 08:08 PM IST