The Inter-Agency Working Group (IAWG) of FAO, IFAD, UNCTAD and the World Bank was created in 2009 to enhance responsible agricultural investments while addressing global concerns around a wave of large-scale land acquisitions. Responding to requests from the UN General Assembly, the G7/G8, the G20 and the Government of Japan, the members of the IAWG collectively resolved to tackle two of the most pressing challenges: the lack of empirical evidence about the phenomenon and the need for practical guidance to maximize opportunities and minimize risks of larger-scale agricultural investment.
FAO publishes “Home country measures that promote responsible foreign agricultural investment: Evidence from selected OECD countries” and “Trends in Foreign Direct Investment in Food, Beverages and Tobacco”
CFS approves the CFS Principles for Responsible Investment in Agriculture and Food Systems
Launch of “Pilot use of principles guiding new investments in agriculture”
UNCTAD and World Bank publish “The Practice of Responsible Investment Principles in Larger-Scale Agricultural Investments – Implications for corporate performance and impact on local communities”
FAO publishes “Impacts of foreign agricultural investment in developing countries: evidence from case studies” and “Challenges and opportunities of foreign investment in developing country agriculture for sustainable development”
Roundtable concurrent with the 64th session of the UN General Assembly “Promoting Responsible International Investment in Agriculture” organized by the IAWG. Support to the IAWG to develop responsible investment principles
Development of the “Principles for Responsible Agricultural Investment that respects rights, livelihoods and resources” (PRAI)