The European Investment Bank (EIB) announced new partnerships and commitments to promote food security and sustainable agriculture around the world and to combat hunger and poverty and. These steps were taken during the Fourth International Conference on Financing for Development (FfD4) in Seville, Spain. The EIB Group is supporting food security and sustainable agriculture across the globe. These partnerships and initiatives with UN institutions and the Global Alliance against hunger and poverty will improve and expand our support to those who need it most,” said EIB Vice-President Ambroise Fayolle. “By leveraging synergies and sharing best practices, we aim to enhance food security and nutrition, empower farmers around the world—particularly women—, support adaptation to climate change, and transform agriculture into a more resilient and sustainable sector.”

The EIB formalised a partnership with the World Food Programme (WFP) through a MoU that outlines key areas of cooperation, including climate resilience, food security and nutrition, critical agricultural infrastructure, innovative financing instruments, and inclusive access to finance for agricultural SMEs and smallholder farmers. This partnership has a global scope, with a focus on sub-Saharan Africa and fragile countries. In addition, the EIB and WFP have signed a Letter of Understanding, enabling the EIB to directly finance WFP operations and benefit from its advisory and implementation expertise.

The EIB and the Food and Agriculture Organization of the United Nations (FAO) renewed their joint commitment to promoting sustainable agriculture in sub-Saharan Africa by extending their Memorandum of Understanding – originally signed in 2015 and renewed in 2020 – until 2030.  As part of this strengthened collaboration, the EIB has provided €1.4 million to the FAO for technical assistance in identifying and preparing projects that support sustainable and climate-resilient agriculture. By leveraging the FAO’s expertise, the EIB aims to expand its agrifood and bioeconomy lending pipeline, contributing to improved food security, increased farmer incomes, women’s empowerment and job creation.