G-8/African Leaders Launch New Alliance for Food Security and Nutrition

18 May 2012: The G-8 and African leaders have committed to create a New Alliance for Food Security, with the goal of increasing responsible domestic and foreign private investments, making innovations to enhance productivity at scale, and supporting activities that eradicate hunger and poverty in Africa. The New Alliance represents a shared commitment to raise 50 million people out of poverty in the next decade by aligning commitments of Africa's leadership, the private sector, and the G-8. Central features of the New Alliance will be realizing the promise of L'Aquila, launching partnerships, mobilizing private capital, reducing and managing risk, improving nutritional outcomes and reducing child stunting, ensuring accountability for results, and taking innovations to scale. The initial countries participating in the New Alliance will be Ethiopia, Ghana and Tanzania.

In the launching, the New Alliance recognizes and welcomes the support of the  the Rome-based UN Agencies (International Fund for Agriculture Development (IFAD), the Food and Agriculture Organization of the UN (FAO) and World Food Programme (WFP)) . The Rome-based UN Organizations also welcomed the announcement, stressing complementarities with existing work on rural livelihoods, development of safety nets and disaster risk reduction. The Agencies noted that the New Alliance is promoting tools related to markets and finance, risk and insurance, and science and technology. They stressed the need to support women's empowerment as part of the New Alliance. [Fact Sheet on New Alliance] [IFAD Press Release] [FAO Press Release]