Thursday 21 Nov

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Al-Mashat participates at G20 global alliance against hunger, poverty


Al-Mashat participates at G20 global alliance against hunger, poverty

Dr. Rania Al-Mashat, Minister of Planning, Economic Development and International Cooperation, participated in a high-level event attended by Brazilian President Lula da Silva and leaders of international financial institutions. The event marked the launch of the Global Alliance to Fight Hunger and Poverty, an initiative spearheaded by Brazil during its G20 presidency.

Initially announced at the previous G20 summit in India, the alliance aims to mobilize international cooperation and coordinate efforts among G20 nations and global institutions to achieve the first two sustainable development goals: eradicating poverty and hunger.

In her comment on the alliance’s announcement, Dr. Rania Al-Mashat emphasized that establishing a global alliance to combat poverty and hunger would bolster countries' capacities to implement sustainable policies for the most vulnerable populations. This is especially crucial given the numerous challenges hindering many nations from achieving food security and providing social safety nets for their citizens, which in turn obstructs progress towards the Sustainable Development Goals.

She pointed out that the world has faced serious challenges since the beginning of the Corona pandemic and the Russian-Ukrainian war, and the geopolitical tensions that cast their shadow on various countries around the world, in addition to supply chain crises and rising prices. She added that the partnership between the G20 group and major international institutions and opening membership to various countries to join the Global Alliance to Combat Hunger and Poverty, places great hopes on the alliance to overcome the global crises that threaten food security and enable countries, through funding, knowledge, and technology, to implement sustainable policies to achieve development goals.

She noted that activating the Alliance's goals contributes to mobilizing financial resources for countries facing financial constraints and an inability to provide the necessary funding for food security and social protection programs.

The World Bank Group partnered with the G20 and the Alliance to reach at least 500 million food-insecure and low-income individuals. The aim is to empower marginalized groups to increase their incomes, enhance resilience in the face of climate change and empower women and girls. Through the International Development Association (IDA), the Bank will provide highly concessional financing and grants to countries for policies combating hunger and poverty.

The Global Alliance includes members of the G20, such as the African Union and European Union, as well as other countries and international organizations like the Islamic Development Bank, the Economic Commission for Latin America and the Caribbean, the International Monetary Fund (IMF), the World Bank, the World Trade Organization, UNESCO, the Food and Agriculture Organization (FAO), the International Fund for Agricultural Development, the World Food Programme, and the World Health Organization (WHO).

The Alliance aims to mobilize funds and expertise to implement policies and promote technologies that reduce global hunger and poverty. This is essential given the growing global challenges that are exacerbating hunger and poverty, particularly the decline in funding. The Alliance is scheduled for official launch at the G20 Leaders’ Summit in November.