WORLD BANK LAUNCHES AGRICONNECT TO BOOST GLOBAL FOOD PRODUCTION AND JOBS

The World Bank has kicked off its AgriConnect initiative aimed at transforming smallholder farming, boosting employment, and strengthening food security worldwide. Announced during the IMF/World Bank Annual Meetings in Washington, the program targets the 500 million smallholder farmers who produce most of the world’s food but often lack access to markets, finance, and modern technology.

With 1.2 billion young people entering the workforce in developing countries over the next decade and a growing need for 30% more food by 2050, AgriConnect plans to double annual agribusiness investments to $9 billion. The initiative focuses on improving infrastructure, supporting smart government policies, and mobilizing private capital to create a thriving ecosystem that raises incomes, generates jobs, and feeds the world sustainably.