The Gates Foundation will donate $1.4 billion to farmers in Africa and Asia affected by the climate crisis

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The amount will be delivered over four years, and will serve to finance methods to combat drought, heat waves and extreme floods caused by global warming

The Gates foundation will donate USD 1.4 billion to farmers in Africa and Asia affected by the climate crisis

A Somali woman displaced by the climate crisis stands near the carcass of her dead cattle after severe drought near Dollow, Gedo region (REUTERS/Feisal Omar)

The Bill & Melinda Foundation Gates announced this Monday a donation of 1,400 million dollars for small farmers and farmers affected by climate change in Africa and Asia, during the COP27 in Egypt.

The donation will be delivered over four years , and will serve to finance methods of fighting the drought, the heat waves and extreme flooding, according to the statement distributed in Sharm el Sheikh.

Organizations for the defense of small rural owners, who claim to represent some 350 million farmers and agriculturists in the world, published an open letter this Monday in which they warned that food securityis in danger, and they called on governments to support small-scale production, as opposed to industrial agriculture.

“The increase in hunger in the last year has exposed the fragility of a global food system” poorly prepared for climate shocks, said the letter signed by 70 organizations.

“Build a food system that can feed everyone in a world that is too hot, it should be a priority atCOP27″, he added.

The Gates Foundation will donate $1.4 billion to farmers in Africa and Asia affected by the climate crisis

Residents go through the water after a massive flood in the community of Obagi, Rivers state, Nigeria, October 22, 2022. (REUTERS/Temilade Adelaja)

More than 100 world leaders will launch a new negotiating round at the UN climate change conference this Monday and Tuesday.

Financing the fight against global warming, either through Mitigation, adaptation measures, or a possible fund for damages and losses, which the countries of the South demand from the industrialized ones, are on the negotiating table in Sharm el Sheikh.

The agriculture it is the backbone of most African economies. It employs more than 50% of the labor force and represents a third of the total African GDP.

Some 2 billion people depend on the production of farms and small farmers to feed themselves daily.

The Gates Foundation will donate USD 1.4 billion to farmers in Africa and Asia affected by the climate crisis

A farmer carries samples of rice as he prepares to plant them in a field in Bhaktapur, Nepal, on June 28. 2021. (REUTERS/Navesh Chitrakar)

“The effects of climate change have been devastating, and the more time passes, the more people suffer and the solutions become more complex and costly”, explained the head of the Foundation, Mark Suzman.

“Leaders must listen to the voices of African farmers and governments to understand their priorities and respond urgently,” he added.

The money will support the use of new digital technologies, innovation in livestock farms and women with small agricultural properties, through a collaboration with the International Fund for of Agricultural Development of the UN, explained Suzman.

With information from AFP