Issue Deep Dive
Last updated: December 19, 2022
ODA In Context
Agriculture is a priority of Spanish development policy but remains underfunded, compared to Spanish economic crisis funding levels.
While agriculture has been listed as a priority of Spanish development policy, funding to this sector has not significantly increased since 2016. Agricultural spending in 2020 marks the lowest amount of funding channeled to this sector over the past five years.
A small share of Spain’s ODA (2%, or US$4 million) was channeled as earmarked funding to multilateral channels (reported as bilateral). Voluntary multilateral contributions were cut as a result of austerity measures implemented between 2010 and 2014, but the current Spanish government under Sánchez is determined to resume contributions.
Funding and Policy Outlook
Agriculture has been outlined, among other sectors, as a priority intervention area in the Spanish cooperation strategy to respond to COVID-19. This means Spanish funding for agricultural projects in the development sector in forthcoming OECD data could increase.
Multilateral commitments related to agriculture will likely also continue to increase: The government has invested heavily in the multilateral system in response to COVID-19, including in the agricultural sector. In September 2020, MAEC and its State Secretariat for International Cooperation approved a ‘Framework Co-Funding Agreement’ with IFAD. This new agreement, which aims to strengthen the financial collaborations between Spain and IFAD, will serve to foster rural development and fight hunger in low- and middle-income countries.
At UNGA 77, Spain pledged €237 million (US$270 million) to combat food insecurity and build resilient agriculture systems in response to the global food crisis caused by the full-scale Russian invasion of Ukraine.
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