AgriConnect: Empowering Small Farmers
The World Bank's flagship initiative, AgriConnect, aims to boost agriculture by helping smallholder farmers transition from subsistence to surplus.
Ajay Banga, President of the World Bank Group, stated that the initiative is building an ecosystem around cooperatives, integrating financing for farmers and SMEs, linking producers to markets, and leveraging digital tools like small AI.
The initiative is underpinned by a pledge to double financing to $9 billion annually and mobilize an additional $5 billion.
Author's summary: AgriConnect helps small farmers through ecosystem building.
- Assists smallholder farmers in moving from subsistence to surplus
- Builds an ecosystem around cooperatives
- Integrates financing for farmers and SMEs
- Links producers to markets
- Leverages digital tools like small AI