Public development banks are “part of the solution” to ending hunger and transforming agri-food systems, as they have the power and reach to narrow funding gaps and consolidate bridges between stakeholders, QU Dongyu, Director-General of the Food and Agriculture Organization of the United Nations (FAO), said today.

With their unique combination of development mandate, long-term perspective and ability to finance both the private and public sector, such banks can inject not only more financing into agri-food sectors, but also to provide better financing geared to promoting a more sustainable agriculture around the world, he said.