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Funding Processes for Strengthening Global Food Security: Challenges and Innovative Solutions

Author

Listed:
  • Olena Shebanina

    (Mykolayiv National Agrarian University, Mykolayiv, Ukraine)

  • Anastasiia Poltorak

    (Mykolayiv National Agrarian University, Mykolayiv, Ukraine)

  • Dmytro Chorniy

    (Mykolayiv National Agrarian University, Mykolayiv, Ukraine)

  • Maksym Tkachenko

    (Mykolayiv National Agrarian University, Mykolayiv, Ukraine)

Abstract

The issue of hunger persists globally: in 2023, over 710 million people suffered from hunger, and 2.33 billion people experienced some degree of food insecurity. It is projected that by 2030, the situation may worsen unless comprehensive measures are taken. This article aims to analyze the unique aspects of financing processes for food security amidst global demographic changes and specify challenges and innovative solutions to combat global hunger. To achieve this goal, authors applied various cognitive methods and techniques, including analysis and synthesis, comparative analysis, identification of causal relationships in developing processes and phenomena, and tabular and graphical methods. The study's results indicate that the primary sources of financing for activities to ensure food security and nutrition come from public and private financial resources directed at combating hunger and malnutrition. This process includes ensuring the availability of safe food, access to it, and its utilization, as well as promoting methods that shift the population's dietary preferences towards healthy eating. Achieving the Sustainable Development Goals, which aim to eliminate hunger and improve food security, will require a substantial increase in funding. However, currently, there is a lack of data on the amounts already allocated and the resources needed to address nutrition issues. Analysis shows that public spending on agriculture in low- and middle-income countries remains largely unchanged, with most expenditures focused on ensuring access to food rather than addressing the root causes of malnutrition. The article presents innovative financial tools recommended for countries based on their access to financial flows. Implementing new financial mechanisms for ensuring food security, such as concessional financing, grants, co-financing partnerships, and other resources, will enable increased investment to combat hunger and improve access to healthy nutrition.

Suggested Citation

  • Olena Shebanina & Anastasiia Poltorak & Dmytro Chorniy & Maksym Tkachenko, 2025. "Funding Processes for Strengthening Global Food Security: Challenges and Innovative Solutions," Oblik i finansi, Institute of Accounting and Finance, issue 1, pages 103-111, March.
    • Handle: RePEc:iaf:journl:y:2025:i:1:p:103-111
    DOI: 10.33146/2307-9878-2025-1(107)-103-111
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    References listed on IDEAS

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    1. Mason-D'Croz, Daniel & Sulser, Timothy B. & Wiebe, Keith & Rosegrant, Mark W. & Lowder, Sarah K. & Nin-Pratt, Alejandro & Willenbockel, Dirk & Robinson, Sherman & Zhu, Tingju & Cenacchi, Nicola & Duns, 2019. "Agricultural investments and hunger in Africa modeling potential contributions to SDG2 – Zero Hunger," World Development, Elsevier, vol. 116(C), pages 38-53.
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    Keywords

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    JEL classification:

    • Q18 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Policy; Food Policy; Animal Welfare Policy
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • I38 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Government Programs; Provision and Effects of Welfare Programs
    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration

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