Additional US$33.0 billion in yearly funding could end global hunger crisis, says Ceres2030 study; German Development Minister calls for green agricultural revolution to reach goal

During World Food Week, German Development Minister Gerd Müller convened a conference on October 13, 2020, to present the findings of two new studies on how to end the global hunger crisis. One study was undertaken by Ceres2030 (a partnership between academia, civil society, and economists), and the other was done by the University of Bonn's Center for Development Research (ZEF) in cooperation with the UN Food and Agriculture Organization (FAO).

According to the studies, US$33.0 billion a year will be needed in additional funding to eradicate hunger by 2030. The experts involved in the studies believe that donor countries could realistically contribute an additional US$14.0 billion a year, while low- and middle-income countries (LMICs) could provide US$19.0 billion. Currently, donor countries contribute US$12.0 billion per year to food security and nutrition, thus, they would have to double their commitments. The additional funding could prevent 490 million people from suffering from hunger, double the incomes of 545 million small-scale producers in LMICs, and decrease greenhouse gas emissions for agriculture to levels below the Paris Agreement commitments, the studies say.

Pointing to the studies’ findings, Müller emphasized that a world without hunger would be possible with a green agricultural revolution and additional funding. He urged that “we must not fail for a lack of political will” and announced that Germany will increase funding to fight the hunger crisis. Currently, Germany annually channels around €2.0 billion (US$2.3 billion) to food security and rural development. Highlighting that the Nobel Peace Prize to the UN World Food Programme “sends the right signal at the right time”, Müller called on other donor countries to live up to their commitments, to together end the global hunger crisis by 2030.

Press release – German Ministry for Economic Cooperation and Development

Report – Ceres2030

Report – FAO, ZEF