The Multilateral Development Banks (MDB) heads agreed to develop a joint action plan, stressing the need to reduce food price volatility and improve food and water security in coordination with the Group of Twenty (G-20). The 3-year action plan focuses on four priority areas: Supporting food access for poor and vulnerable people, addressing food market volatility, financing investments and promoting policy frameworks to improve agricultural productivity, and helping countries allocate water efficiently across sectors, and supporting the agricultural sector in using water productively throughout the value chain.
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Announcer:
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Julia Bucknall, Head of Water, The World Bank
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Partners:
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African Development Bank (AfDB), Asian Development Bank (ADB), European Bank for Reconstruction and Development (EBRD), Inter-American Development Bank (IADB), Islamic Development Bank (IsDB), World Bank
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