A coordinated commitment from the G7 Finance and Development tracks
The conflict in the Middle East has increased pressures on supply chains for energy, agricultural inputs and fertilizers. It affects businesses, farmers and households around the world, particularly in the low-income countries.
Against this backdrop, and based on work carried out with the support of the relevant international organizations, G7 Finance and Development Ministers and partner countries (Brazil, India, Kenya, Republic of Korea) have adopted a joint action plan to address disruptions in fertilizer markets and strengthen food systems resilience in the low-income and most affected countries.
Grounded in a shared assessment of food insecurity risks, the plan recognises that the challenge is primarily one of affordability, and liquidity, rather than physical shortage of supplies. It is structured around three complementary areas of voluntary measures:
1. Immediate response: facilitate the physical delivery of food aid and agricultural inputs, preserve key logistical corridors as well as well-functioning markets, and support the working capital of the most exposed farmers, particularly smallholders.
2. Financial stabilisation: coordinate the deployment of international financial institutions’ financial instruments to support the low-income in their response to food-related shocks.
3. Long-term resilience: strengthen market monitoring via the Agirculatural Market Information System (AMIS), promote integrated soil fertility management, and invest in local and regional fertilizer production capacity.
All identified measures are voluntary, targeted, temporary and financially sustainable, building on existing international coordination mechanisms.