FAO at the Forum of the Countries of Latin America and the Caribbean on Sustainable Development 2024: Goal 1- No poverty

FAO delivered an official FAO statement at the Forum of the Countries of Latin America and the Caribbean on Sustainable Development 2024, Panel 1 discussion on "Goal 1- No poverty".

The rise in extreme poverty, particularly in rural areas, is linked to increases in international food prices, which contributes to migration to other regions, driven partly by food insecurity. Food inflation and extreme poverty also contribute to rising food insecurity and hunger in the region, with undernourishment affecting 8.6 percent of the population and 56.5 million people suffering from hunger.

Addressing poverty and its interconnected challenges demands multifaceted strategies and coordinated efforts across macroeconomic, social, and productive spheres. These interventions encompass policies aimed at increasing local food production, enhancing income opportunities, and fostering resilience of farmers to economic shocks. Critical to these efforts is diversified financing mechanisms, leveraging public budgets, development banks, private institutions, and innovative financial instruments like green and social bonds. Such investments not only alleviate poverty, but also foster environmental sustainability and reduce inequality.

In conclusion, achieving SDG 1 demands unwavering commitment and concerted action from all stakeholders under an inclusive agrifood system governance. By prioritizing the needs of the most vulnerable, harnessing the potential of family farmers, and fostering inclusive and sustainable development, we can pave the way towards a future where poverty is no longer a barrier to prosperity in Latin America and the Caribbean.