Stories of Impact : Agribusiness

Abstract

By 2050, it is estimated that the world s agricultural system will need to produce approximately 50 percent more food to feed an estimated 9 billion people. In emerging markets, agriculture is the most important economic sector and source of employment; more specifically, 75 percent of the world s poor live in rural areas and depend on agriculture for their incomes. With volatility in food prices putting additional pressure on social and political systems, increasing global demand for scarce resources, widespread droughts, and rising concerns over food safety issues, sustainable agricultural development is an urgent priority. IFC also contributes to transforming agribusiness at the country level by working with groups of smallholders and industry associations. For instance, IFC has helped to upgrade the operations of Cambodian rice farmers and millers so that their national industry can compete on an international level. In the following pages, there will be numerous illustrations of the work that we do with our private sector clients, typically combining finance and advice. This powerful combination of money and knowledge helps our clients not only sustain but also grow their businesses, thereby paving the way for robust job creation, growth, and positive environmental and social benefits.