WASHINGTON (November 18, 2024) Monday marked the opening of the G20 global summit in Rio de Janeiro, Brazil. The opening day witnessed the launch of the Global Alliance Against Hunger and Poverty, as well as further U.S. commitments to the World Bank’s International Development Association (IDA).
The launch of the Global Alliance was announced by Brazilian President Luiz Inacio Lula da Silva. The Global Alliance’s mission is to “support and accelerate efforts to eradicate hunger and poverty while reducing inequalities and contributing to revitalizing global partnerships for sustainable development.” The movement is currently comprised of 82 countries – including the United States – and numerous non-governmental organizations, multilateral institutions, foundations, and other groups committed to energizing and mobilizing global efforts to realize the Sustainable Development Goals of ending food insecurity and poverty. The coordinated effort highlights evidence-based best practices and “policy instruments” that can be adopted widely across the world.
Parallel to the announcement of the Global Alliance, President Joe Biden announced that the United States would commit $4 billion over three years to the World Bank’s International Development Association (IDA). The IDA provides grants and low-interest loans to bolster nations’ commitments to addressing pressing development needs, including in the realm of food security and agricultural development. $4 billion represents an increase of $500 million over the previous IDA replenishment commitment by the United States of $3.5 billion.
“The announcement of both the Global Alliance Against Hunger and Poverty and further commitments to IDA are crucial to our work to end food and nutrition insecurity everywhere,” stated Alliance to End Hunger president Eric Mitchell. “”We must now work to make sure these commitments are met with action, including our efforts to ensure the United States continues its leadership role in the next Administration in ending hunger and malnutrition everywhere. We cannot forget our promises when the gavel comes down to close the summit.”
