The World Bank has announced plans to invest $14 billion in a sweeping agricultural transformation initiative aimed at boosting food production, creating jobs, and strengthening value chains across developing economies.
The programme, known as AgriConnect, is part of the Bank’s broader effort to enhance food security and resilience in the face of climate change and economic instability. The investment will focus on improving agricultural productivity, supporting rural enterprises, and promoting sustainable farming practices.
According to the World Bank, the initiative is designed to empower smallholder farmers, expand access to markets, and drive inclusive growth within the agricultural sector. The project will also prioritize innovations in irrigation, mechanization, and digital agriculture to modernize food systems and reduce post-harvest losses.
“Agriculture remains central to economic growth and poverty reduction,” the World Bank said in a statement. “This investment underscores our commitment to transforming food systems that are more efficient, climate-smart, and inclusive.”
The $14 billion programme is expected to create millions of jobs, particularly in rural areas, while helping countries build more resilient supply chains. It also aims to address challenges linked to food insecurity and rising input costs caused by global disruptions.
Development experts have described the initiative as a timely intervention, particularly for low-income nations that depend heavily on agriculture for livelihoods and exports. Analysts note, however, that the success of the programme will hinge on effective coordination with local governments and ensuring that funds reach farmers and communities most in need.
If successfully implemented, AgriConnect could mark one of the largest coordinated efforts by a global financial institution to reshape the future of agriculture and strengthen food systems worldwide.
