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News:Union Agriculture Minister participated in an virtual meeting of G-20 Agriculture Ministers which was organised by the Saudi Presidency
Facts:
- The meeting sought to address the issue of Covid-19 impacts on food security, safety and nutrition.
Highlights of the meet:
- No export restrictions or high taxes on food and agricultural products purchased by the World Food Programme (WFP) and other humanitarian agencies.
- The International Fund for Agricultural Development will help in technical assistance, and work to improve resilience in agriculture.
- The G20 AMIS (Agricultural Market Information System) will help coordinate policy responses.
Additional Facts:
World Food Programme:
- It is the food assistance branch of the United Nations, established in 1961.
- Aim:To eradicate hunger and malnutrition with the ultimate goal of eliminating the need for food aid itself.
International Fund for Agricultural Development
- Established in 1977, it is an international financial institution and a specialised agency of the United Nations. It works to address poverty and hunger in rural areas of developing countries
G20 AMIS (Agricultural Market Information System)
- It is an inter-agency platform to enhance food market transparency and encourage international policy coordination in times of crisis. It was established in 2011 at the request of G20 countries.
G20:
- It is an informal group of 19 countries and the European Union with representatives of the International Monetary Fund and the World Bank.
