SIFI in cooperation with World Bank co-orginize the Seminar "Food Security Through Safety Nets and Risk Management" aimed at facilitating the discussion on one of the most important Russia's G20 Presidency priority area – addressing food security challenges through development and implementation of social safety nets programs and risk management.
Discussion during the seminar covered broad issues of integrated approach to food security and nutrition through increase of productivity, technology development, market improvement.
Participants shared the experiences and discussed best practices of G20 countries and international organizations on the implementing policies and existing initiatives on this crucial area.
At the seminar were identified future challenges in food security area such as the imbalance of supply and demand due to slowing productivity growth and fast population and income growth. Participants discussed existing initiatives and approaches such as the Platform for Agriculture Risk Management (PARM), to be hosted at IFAD, WFP's new school feeding projects in the MENA and CIS regions, activities under the Rapid Social Response Program (RSR).
The seminar underlined the importance of global collaboration in the field of social safety net programmes, including through the work of the Social Protection Inter Agency Board, towards enhancing the global coordination on food security and developing the productive capacity of vulnerable groups.
Another focus was given to the role of rural areas in development issues including food security. This could be addressed through targeted public investments, de-risking and rewarding (responsible) investment, private sector encouragement, capacity development as well as social protection floors and safety nets.