Annual
Report
2024

Financing the future of food:
A call to action
The catalytic role of ODA and blended finance

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Foreword

Using innovative approaches to finance the future of food was the key theme and focus of the Platform’s activities in 2024.

Reflections from
Platform Co-Chairs

In 2024, the Platform welcomed new Co-Chairs Bruce Campbell (Switzerland) and Federica de Gaetano (Italy).

The Co-Chairs were featured in the Devex 2024 Global Voices List for their opinion piece on How Blended Finance Can Catalyze Private Capital for Agriculture. The article advocates for three actions recommended by the Platform and Shamba Centre’s joint enquiry and report: invest in the missing middle, enable DFIs to take more risks, and share knowledge and data. This recognition highlights the increasing significance of blended and innovative finance in food systems within the international development community, as well as the ongoing role and relevance of the GDPRD.

Bruce Campbell

Bruce Campbell

Co-Chair, Swiss Agency for Development and Cooperation
Federica De Gaetano

Federica De Gaetano

Co-Chair, Italian Agency for Development Cooperation

Aid budgets are stretched thin and are unlikely to grow. This is why governments and development agencies need to maximize the impact of their available resources to attract commercial capital … blended finance can work towards that goal.

We cannot overlook the fact that long-term official development assistance has created the foundations for blended finance. These grants support agrifood small and medium-sized enterprises (SMEs) as they survive, learn and mature to the level where they may eventually benefit from blended financing. They have created the conditions to enable SMEs and farmer organizations to reach the next level of growth and innovation.

Bold decisions are paramount to making agrifood development finance more affordable and accessible. As global food crises persist, it is imperative to use government aid strategically to catalyse additional investment. This approach promises to transform agrifood development finance, making it a potent tool for eradicating hunger and fostering sustainable development in low- and middle-income countries.

2024 highlights

The year in numbers

BOARD MEMBERS

European Commission, Finland, France, Gates Foundation, Germany, International Fund for Agricultural Development, Ireland, Italy, the Netherlands, Switzerland, United Kingdom and United States

CO-CHAIRS

PLATFORM MEMBERS

Key events
in 2024

Platform contributions to the 
2024 State of Food Security and Nutrition in the World report

The 2024 SOFI report has sparked global discussion on addressing the financing gaps in food and nutrition.

The GDPRD and Shamba Centre’s joint enquiry and report served as a key contribution to the SOFI report. The Shamba Centre also contributed to the SOFI report by drafting a background paper on the discrepancies in current financing estimates for food security and nutrition, and facilitating and moderating the SOFI 2024 Financial Technical Advisory Committee. The authors of the SOFI report acknowledged the Platform’s significant contribution to the development financing agenda.

Development Finance 101
webinars

In the lead-up to the 2024 AGA, the GDPRD organized a series of webinars to help donors and development actors better understand the core principles of development finance and different donor approaches.

Decoding the Fundamentals of Development Financing featured speakers Marco V. Sánchez (FAO), Natalia Toschi (IFAD) and Mita Samani (Foreign, Commonwealth & Development Office of the United Kingdom), who covered funding mechanisms, international financial institutions and a preview of emerging messages from the 2024 SOFI report.

Financing Food and Rural Development, co-organized with the Shamba Centre, featured speakers Attiya Waris (University of Nairobi and United Nations Independent Expert on Foreign Debt and Human Rights in 2021), Bruce Campbell (GDPRD Co-Chair and SDC), David Laborde (FAO), the Hon. Neema Lugangira (Member of Parliament, United Republic of Tanzania) and Oshani Perera (Shamba Centre). Participants also shared their innovative ideas for financing food and rural development.

2024 Annual
General Assembly
highlights

The year’s theme Financing Food Systems Transformation and Rural Revitalization focused on the opportunities and challenges of financing food systems transformation and rural revitalization.

AGA sessions focused on the:

  • constraints and opportunities for using ODA more catalytically;
  • lessons and opportunities for incentivizing private sector investments;
  • range of financing institutions, modalities and mechanisms to enhance donor impact;
  • progress on land governance, rural youth employment and data for SDG 2, to support broader food systems transformation;
  • strategic opportunities for the GDPRD and stakeholders in food and rural development agendas.

A significative investment potential

The AGA highlighted the significant investment potential in agriculture and rural development. Each dollar invested in agriculture can deliver substantial development impact and returns for investors. To realize these opportunities, especially in fragile contexts, donors should enhance aid efficiency and harmonize policies to ensure effective spending.

Innovative financing approaches, along with traditional ODA, are crucial, particularly for agri-SMEs. Increasing private investment in rural areas is essential, with the public sector helping to mitigate risks.

Ultimately, collaboration between public, private and international financing is vital for scaling investments in food systems and rural revitalization.

Building on insights from the AGA, the GDPRD will publish a white paper in 2025 focusing on financing food systems transformation and rural revitalization, addressing narratives, risk tolerance, innovative mechanisms, and trends such as digitalization and artificial intelligence (AI).

PLATFORM WORKSTREAMS:
Driving strategic impact

In 2024, the GDPRD made important progress in its three main workstreams, all focused on transforming food systems.

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The donor coordination workstream supported members in their involvement with global events, starting with the pilot Global Coordination Gathering under the G7 Italian Presidency. This coordination will continue in 2025 to include board convenings around the G7 Canadian Presidency and FfD4.

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The development finance workstream brought together donors to discuss sustainable and blended finance by creating a results-driven multi-donor working group. It also organized the Decoding the Fundamentals of Development Finance and Financing Food and Development webinars in the lead-up to the AGA, where participants explored new ways to finance food systems, improve donor coordination and ensure better cooperation among all stakeholders.

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The data workstream, supported by the SDG 2 Roadmap Working Group and GDPRD’s partnership with Hesat2030, worked to promote evidence-based learning for better data usage and explore how AI can affect agrifood systems.

In addition, the Global Partnership for Sustainable Development Data, the European Centre for Development Policy Management and Southern Voice put forward a proposal for the GDPRD to lead a scoping exercise to explore options for strengthened low-income country participation in United Nations Rome-based agency processes, and improved coordination mechanisms between country- and global-level food systems actors.

Outreach and communications

In 2024, the GDPRD strengthened its outreach and communication efforts with members and the development community.

COMMUNICATION
HIGHLIGHTS

member interviews

podcasts

Moved to a paperless environment

FOOD SYSTEMS ARCHITECTURE DATABASE launched

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FOOD SYSTEMS RECOMMENDATIONS DATABASE

expanded to 59 reports and

2,109 recommendations

WEB AND SOCIAL MEDIA
ENGAGEMENT

WEBSITE

visits

page views

hours spent

LINKEDIN

%

increase in visitors

%

increase in followers

INSTAGRAM FOLLOWERS 
almost doubled

Thematic
working groups

The Platform’s four thematic working groups continue to engage members and the international community in dialogue on sustainable/blended finance, rural youth employment, land governance and SDG 2 “Zero Hunger”.

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Sustainable/blended finance for food systems

Current development finance falls short of the estimated US$33-50 billion annual public investment gap needed to achieve SDG 2 by 2030. Each dollar of concessional finance can leverage four dollars of commercial finance, but the sustainability of their impact will determine if blended finance achieves both financial and development additionality.

The TWG on Sustainable/Blended Finance for Food Systems, established in 2024, provides a forum for donors, donor organizations and impact funds to share data and knowledge on blended and sustainable finance for better collaboration and coordination. The overall goal is to increase transparency, develop benchmarks, and build the evidence that will lead to better decision-making and more effective allocation of scarce donor dollars.

Tuleen Alkhoffash

Tuleen Alkhoffash

IFAD, Co-Chair
We needed a group that could build a bridge between the donor community, United Nations organizations, impact investors and philanthropists, as we can be very disconnected from each other.”
Songbae Lee

Songbae Lee

USAID, Co-Chair
For blended finance to have a transformational impact, it must show evidence of how it works to eventually influence government policies. Most of that gap will need government involvement to fully address the issue.”

The TWG was officially launched with its inaugural virtual meeting in April 2024, bringing together over 25 participants from bilateral and multilateral agencies, DFIs, impact investors and academia. Tuleen Alkhoffash (IFAD) and Songbae Lee (USAID) were nominated as Co-Chairs for the first two years, with academic guidance from Sabine Desczka (Wageningen University and Research). A webpage and knowledge hub were launched on the GDPRD website, housing foundational documents, meeting minutes and a resource section on sustainable/blended finance.

As one of its first initiatives, the TWG partnered with the Agri-SME Learning Collective to develop a new Catalytic Capital Framework, to establish harmonized standards and benchmarks for catalytic capital, focusing on guarantees and first-loss mechanisms in its first year. Testing is under way with two parallel cohorts: one for practitioner members of the Agri-SME Learning Collective, and another for donors, including USAID, FCDO, Global Affairs Canada, the Norwegian Agency for Development Cooperation and SDC, with plans to expand testing to multilateral agencies. Looking ahead to 2025, the TWG plans to review emerging findings from the pilot testing and refine the framework based on lessons learned.

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Rural Youth Employment

Youth account for one out of every six people worldwide. Rural young people make up over half of the global youth population. Investing in sustainable agrifood systems and green economies could create decent employment for young women and men, particularly those living in rural areas.

The Thematic Working Group on Rural Youth Employment, established in 2018, seeks to support and empower rural youth to enable their contributions to rural economies.

Ji Yeun Rim

Ji-Yeun Rim

OECD, Co-Chair
When we look at the news, the world can seem overwhelming, but my optimism is sustained by the youth themselves. I am reassured having met champions within governments and civil society organizations who are dedicated to the cause of youth well-being.”
Elisenda Puertas

Elisenda Estruch Puertas

ILO, Co-Chair
It is essential to engage youth as we discuss efforts to advance a just transition in food systems and rural economic activities. Failing to do so could be a source of intergenerational inequalities and fuel growing discontent or a sense of injustice.”

The TWG on Rural Youth Employment’s 2024 work plan focuses on five outcome areas:

  • Improved alignment with and a stronger link to international policy processes, initiatives and platforms.
  • Increased strategic coherence and coordination among donors, development agencies, and national and local institutions.
  • Evaluation and co-creation of innovative donor approaches to boost decent rural youth employment across their operations.
  • Strategic engagement with and empowerment of rural youth and youth organizations.
  • Collaboration with stakeholders such as the private sector, service providers and agripreneur organizations.

The TWG organized four meetings and two webinars on Agro-food Jobs for Youth in Egypt, Morocco and Tunisia andJobs for Youth in the Agrifood Sector: Leveraging micro and small enterprises. The group contributed to the independent memoranda for the development of the Post-Malabo Comprehensive Africa Development Programme agenda and hosted a special session at the 2024 AGA on Innovative Financing Approaches for Young Agripreneurs. The AGA session brought together young agripreneurs from Kenya, Rwanda and Uganda, along with an investment leader from the One Acre Fund, to discuss financing models that support rural youth employment and entrepreneurship.

Membership and collaboration saw notable growth, with the addition of the One Acre Fund and the Islamic Development Bank to the group. The year marked a transition in leadership, as Elisenda Estruch Puertas (ILO) concluded her tenure as Co-Chair. Genna Tesdall (YPARD), was approved as the incoming Co-Chair for 2025–2027.

Looking ahead to 2025, a key priority will be to increase meaningful youth engagement on issues such as financing for food systems transformation; resilient jobs beyond climate adaptation; youth involvement in global food supply chains; work to address the high rate of rural young women not in employment, education or training; and broader inclusion of underrepresented groups, including individuals with disabilities and those in younger age brackets (15–17 years).

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Land governance

Land is one of the most valuable resources a rural family can own or have access to, to secure their livelihood. Secure land rights can contribute to social inclusion, help protect human rights, and support climate change adaptation and mitigation.

The Global Donor Working Group on Land, established in 2013, strives to ensure the recognition of the land rights of groups and individuals, as a cornerstone of sustainable, equitable and inclusive development.

Ward Anseeuw

Ward Anseeuw

FAO, Chair
Land is central to all aspects related to food systems transformation and rural development, whether from an economic, political, environmental, social, health or justice perspective. There is a need to scale up and mainstream land policies, and, to do so, we need to work better together. We need better collaboration at all levels, from global to national to local. The working group on land, which is a coordination platform mainly consisting of donors, is very instrumental to that.”

The Global Donor Working Group on Land (GDWGL) focuses on three priority areas: land tenure and resource governance, country-level coordination, and the intersection of land governance and food systems. The GDWGL has played a key role in advocating for the Voluntary Guidelines on Responsible Governance of Tenure of Land, Fisheries and Forests in the Context of National Food Security, and in ensuring the inclusion of land indicators in the Sustainable Development Goals (SDGs).

In 2024, the GDWGL held four meetings and convened in person during the World Bank Land Conference in Washington, D.C., on 12 May, where members established three broad objectives for their ongoing activities and priorities for their 2024–2026 work plan:

  • enhancing collaboration among members and strengthening the GDWGL platform to align activities for greater impact;
  • prioritizing global advocacy to elevate land issues on the policy agenda through key international frameworks;
  • improving country-level coordination by fostering in-country collaboration and developing an online tracker for GDWGL land projects.

Ward Anseeuw (FAO) assumed the role of GDWGL Chair for two years, succeeding Gemma Betsema (the Netherlands Enterprise and Development Agency). The GDWGL organized a special session at the 2024 AGA on Reaching Indigenous Peoples and Local Communities through Enhanced Finance. Additionally, the group discussed the upcoming 2025 review of the SDG global indicator framework and the SDG Indicators Data Platform, where FAO serves as the custodian agency, exploring how the GDWGL can support land-related SDG indicators.

The group also facilitated discussions on and with representatives from the Rio Conventions, Convention on Biological Diversity and United Nations Convention to Combat Desertification, to ensure a reinforced, broader and better-coordinated approach to change across sectors. These efforts underscore the GDWGL’s commitment to strengthening land governance, improving financial accessibility and ensuring land remains a central focus in global policy discussions.

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SDG 2 Roadmap Working Group

More than 600 million people will remain chronically hungry worldwide by 2030. Achieving the goal of SDG 2 (“Zero Hunger”) by 2030 will require sustained commitment, investment and collaboration by governments, donors, the private sector, civil society organizations and other actors at the global, regional and national levels.

The SDG 2 Roadmap Working Group, founded in 2019, fosters collaboration between donors who share a common vision for eliminating rural poverty, hunger and malnutrition.

Ammad Bahalim

Ammad Bahalim

Gates Foundation, Co-Chair
When we look at the news, the world can seem overwhelming, but my optimism is sustained by the youth themselves. I am reassured having met champions within governments and civil society organizations who are dedicated to the cause of youth well-being.”

The SDG 2 Roadmap Working Group works towards developing consensus among donors on a roadmap for achieving SDG 2, while recognizing the multiple linkages with other SDGs.

In 2024, the TWG revised its Theory of Change and Terms of Reference to include a specific emphasis on addressing climate change and the Paris Agreement’s 1.5° C target. After serving a two-year term, Sung Lee (USAID) stepped down as Co-Chair, and Chris Hillbruner stepped up to the role.

Throughout the year, the TWG held three meetings and continued to expand its knowledge hub on the Platform’s website, providing members with access to key updates, knowledge products and event information. The group considered a proposal by the Global Partnership for Sustainable Development Data, the European Centre for Development Policy Management and Southern Voice for a 12-month research- and dialogue-based scoping project. This initiative aims to explore options for strengthened low-income country participation in United Nations Rome-based agency processes, and improved coordination mechanisms between country- and global-level food systems actors.

The TWG also explored the feasibility of a common learning agenda, building on the work of the Juno Evidence Alliance. A new stakeholder engagement process was proposed for a technical working group comprising funders and technical partners, focused on enhancing evidence-based decision-making, particularly in the use of AI models. The initiative aims to clarify priorities, identify key learning areas and promote more effective data-driven decision-making.

Looking ahead to 2025

2025 will be a critical year for global discussions on financing for development, as donors and other development actors gather in Spain for FfD4 in June.

Building on the Platform’s activities in 2024, the GDPRD will continue to promote the financing agenda for food systems and support its members in strategically engaging at FfD4 and other key global events.

The Platform’s new strategic plan for 2026–2030 will be developed in 2025, with Board member consultations scheduled from April to September and approval by the end of 2025 or the beginning of 2026. The 2025 work plan will focus on three main areas.

  • New models of ODA and financial architecture reform
  • Digitalization and AI in food systems
  • Value for money in a shrinking funding environment

The GDPRD is committed to maintaining the Platform as an informal space that fosters dialogue, discussion, and the sharing of data and technical information valued by our members.

As we approach 2025, we look forward to continuing to meet the needs of our members and the broader development community, while upholding our commitment to sharing the latest knowledge, information and insights related to food, agriculture and rural development.

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The 2024 Annual Report of the Global Donor Platform for Rural Development (GDPRD) was produced by the GDPRD Secretariat in accordance with IFAD’s guidelines for publishing. The report was drafted by Mandakini D. Surie and graphically designed and laid out by Andrea Wöhr (WOERDESIGN). The digital report was created by the GDPRD Secretariat with the contributions of Marco Schiavone, Toni Guga and Caroline Almeida of Schiavone & Guga. Photo credits: Cover: ©IFAD/Robel Fikru Atomsa. Panels: ©IFAD/Fernanda Dorado | ©IFAD/Nguyen Hoang Sanh | ©IFAD/Irina Unruh | ©IFAD/Délmer Membreño/Factstory | ©IFAD/Jjumba Martin | ©IFAD/Barbara Gravelli | ©IFAD/Flavio Ianniello to photo credits

© 2025 Secretariat of the Global Donor Platform for Rural Development, hosted by IFAD.