FAO and IFC Join to Promote Responsible Agricultural Investment

19 January 2013: The Food and Agriculture Organization of the UN (FAO) and the International Finance Corporation (IFC) have signed a memorandum of understanding to promote responsible private sector investment and develop responsible agribusiness practices.

The agreement also seeks to increase the IFC's use of FAO technical expertise.

These efforts reflect the FAO's focus on creating conditions for eradicating hunger, increasing sustainable production, reducing rural poverty and building resilience in agricultural food systems. FAO reports that, over recent years, it has increased its collaboration with a variety of international governmental and non-governmental partners. [FAO Press Release][IFC's agribusiness webpage]