The Food and Agriculture Organization of the United Nations (FAO) and MasterCard have joined hands to create an alliance against hunger.
A new partnership agreement, signed today by FAO Director-General José Graziano da Silva and Walt MacNee, Vice Chairman of MasterCard in Rome, paves the way for a collaborative effort that will develop inclusive payment systems to support small-scale farmers and poor families across the globe.
Among other activities, the collaboration will explore ways to provide credit or money to households for purchases of basic needs and farming inputs on local markets, thereby supporting local economies and putting financial tools in the hands of economically marginalised communities.
“This partnership shows that the private sector is a key ally in global effort to build a world with zero hunger. FAO is extremely proud of this collaboration with MasterCard that will support small-scale farmers to become economically independent by advancing financial inclusion,” said Graziano da Silva.
On the occasion, MacNee said, “By signing this agreement, MasterCard further builds on our commitment to establish meaningful partnerships that will enable to leverage global technology and insights to drive a more empowered, inclusive planet where people – regardless of where they live or their current economic status – are able to better build more self-determined lives.”
The effort will benefit from the complementary strengths of each organization; MasterCard’s expertise in payments technology and FAO’s global reach and track record in combating hunger and malnutrition.
Photo credit: ©FAO/Alessia Pierdomenico