G20 Development Working Group Submissions slide image

G20 Development Working Group Submissions

25. Commitment to "promoting increased procurement from smallholder producers and to strengthening their access to markets in line with domestic and regional strategies" (2010 MYAP & 2011 Leaders' Declaration). 26. "Encourage all countries and companies to uphold the Principles for Responsible Agricultural Investment. We request UNCTAD, the World Bank, IFAD, FAO and other appropriate IOs to develop options for promoting responsible investment in agriculture" (2010 MYAP). Other Actions 27. "Urge MDBs to finalise their joint action plan on water, food and agriculture and provide an update on implementation by the next Summit" (2011 Leaders' Declaration). 28. "Pledge to mitigate the adverse effects of excessive price volatility on the most vulnerable through the development of appropriate risk-management instruments" (2011 Leaders' Declaration). Saint Petersburg Accountability Report on G20 Development Commitments 34 to set up a pilot project for a targeted regional emergency humanitarian food reserve system. 2011: Leaders' Declaration: commitment to foster smallholder sensitive investments in agriculture and explore opportunities for market inclusion and empowerment of small producers in value chains. 2012: The launch of the AgResults initiative. 2011 and 2012: Leaders' Declarations encourage all countries to support the RAI to ensure sustained investment in agriculture. 2012: Extensive consultations held on principles launched within the CFS framework. 2012: Leaders' Declaration encourages the implementation of the Voluntary Guidelines on the Responsible Governance of Tenure of Land, Fisheries and Forest in the Context of National Food Security. Off-track T: medium-term On-track T: June 2011 (final report) September 2011: Presentation and endorsement of the action plan. āœ“ Completed Tools. 2011: Work by MDBs on Risk Management 2011: Leaders' Declaration supports risk-management instruments, such as commodity hedging instruments, weather index insurances and contingent financing tools, to protect the most vulnerable against excessive price volatility, including the expansion of PARM developed by the World Bank Group (IFC). 2011: Leaders' Declaration asks IOs to work together to provide expertise and advice to LICs on risk management. 2012: PARM involves relevant IOs and multilateral, regional and national development banks and agencies. Chapter 2 Implementation of G20 Commitments on Development On-track
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