Abstract:
Food insecurity is a major threat to developing nations and Pakistan is no exception. Moreover, changing food system may accelerate this problem. The role of finance sector may play a pivotal role to fix this problem. The magnitude of problem has been evident through the fact that by 2050, the world will need to feed nearly 10 billion people while remaining within our planetary boundaries. To fulfil this mammoth task, we need to transform our food system and finance sector can play a big role in this aspect. The key stake holders identified by the World ecnomic forum was ranged from smallholders, large corporates and businesses to governments, farmers and civil society with major representation from youth organizations. In order to implement the change effectively, we need to activate the transition through cooperation and every stakeholder in the food value chain has a pivotal role to play in creating healthier, more equitable and more sustainable food systems as the deadline for the 2030 SDGs fast approaching, we must all act now. In many ways, finance has been seen as a kind of capstone in the process of creating a more sustainable food system, instead of a partner or agent of change from the start. If we can turn this sentiment on its head and welcome financial players and institutions into the food system conversation and following suggestions caused important improvement from the finance sector in food system. • address issues including the so-called “Risk-Duration-Reward” triangle • find long-term lending possibilities for sustainability solutions • align portfolios to match different climate scenarios • and increase collaboration between existing business/finance coalitions and (public and private) funding. Conclusively, the finance sector should play its role to transform the food system.
Page(s):
38-38
DOI:
DOI not available
Published:
Journal: Abstract Book on International Conference on Food and Applied Sciences (ICFAS-23) 3-5 August 23, Volume: 0, Issue: 0, Year: 2023