Canada announced at the G8 2009 L'Aquila Summit in July 2009 that it is doubling its investments in support of sustainable agricultural development by committing an additional $600 million over three years, bringing the total to $1.18 billion over the three-year period.
In support of the three paths to action of CIDA's Food Security Strategy, Canada is delivering on its commitments as follows:
- $260M to the World Bank Vulnerability Financing Framework — Canada's contribution to the Vulnerability Financing Framework will include support to two funding mechanisms: the Global Agricultural and Food Security Program (GAFSP) and the Global Food Crisis Response Program (GFRP). CIDA is providing $212 million of the funding and Finance Canada is contributing $48 million. Under the Global Agricultural and Food Security Program, developing countries will have access to both private and public funding to support country-led plans increasing food security through sustainable agricultural development over the medium- to long-term. Under the Global Food Crisis Response Program, countries hardest hit by high and volatile food prices can request assistance to deal with immediate and short-term needs, such as school feeding programs; seed and fertilizer supplies; and small infrastructure projects to enhance agricultural productivity.
- $240M for bilateral sustainable agricultural development programming — CIDA is providing $240 million for bilateral sustainable agricultural development programming. Included in the $240 million is a one-year allocation of $47 million in bilateral agricultural assistance in 2009-2010 to scale up programming in the following African countries of focus - Ghana, Mali, Mozambique, Senegal, and Sudan - as well as Pan-Africa regional programming.
- $37.5M in additional funding for the International Fund for Agricultural Development (IFAD) — This contribution bring Canada's total IFAD allocation to $75 million, making Canada the 5th largest donor to IFAD. IFAD works with rural poor people, governments, donors, non-governmental organizations, and many other partners, to ensure country-specific solutions to food security. IFAD is helping more than 340 million smallholder farmers to improve their business practices, rehabilitate their farmlands, access finance, and develop their markets.
- $32.5M for the Challenge Programs of the Consultative Group on International Agricultural Research (CGIAR) — In addition to Canada's core funding to the CGIAR, CIDA is investing in two CGIAR Challenge Programs: $27 million for HarvestPlus and $5.5 million for the Climate Change, Agriculture, and Food Security. HarvestPlus is a research program that works to reduce micronutrient malnutrition by breeding key crops (e.g. potatoes, beans, rice, wheat, maize, cassava) to produce varieties with higher nutritional value. The Climate Change, Agriculture and Food Security program is a new research initiative to overcome the threats of climate change to agriculture and food security by exploring new ways of helping vulnerable rural communities adjust to global changes in climate.
- $30M for the Purchase for Progress (P4P) initiative of the World Food Programme (WFP) — P4P is an innovative program through which low-cost food can be purchased quickly from local farmers who also benefit by learning to grow and sell more sustainable crops. This, in turn, helps to strengthen the development of local markets. Canada's contribution is going to P4P pilot projects in Ghana and Afghanistan.