Working Paper

Development Finance for Food and Nutrition Security: Delving Deeper into the Nexus

Exploring how development finance can be mobilised and better aligned to strengthen food and nutrition security through integrated policy approaches.

This open-access paper examines the evolving relationship between FNS and development finance in the context of deteriorating global FNS trends and the approaching 2030 Agenda deadline. Against a backdrop of widening financing gaps and persistent food insecurity, the paper provides a comprehensive overview of the FNS–development finance nexus, while identifying key research gaps and policy challenges. It focuses on major sources of development finance, namely remittances, foreign direct investment, official development assistance, and food aid, and synthesises insights from the existing empirical literature. 

INTRODUCTION: FOOD SECURITY AND NUTRITION AS A KEY CHALLENGE IN A TURBULENT WORLD

The current global landscape is characterized by heightened volatility and uncertainty, with significant repercussions for development finance. A combination of factors, including economic shocks, the enduring effects of the COVID-19 pandemic, escalating geopolitical tensions, and shifting political priorities, has exerted considerable strain on the financing for development architecture underpinning global development efforts. Within this context, the recent Fourth Financing for Development Conference, convened in Seville in July 2025, constituted a critical initiative aimed at revitalizing political commitment to reversing the recent deterioration in development financing, particularly in relation to the Sustainable Development Goals (SDGs) and the broader 2030 Agenda. Notwithstanding the ambitious expectations associated with the Seville Conference, its outcomes underscore the imperative for a more pragmatic and results-oriented approach going forward. This need is further accentuated by recent and unprecedented developments in Official Development Assistance (ODA), including the dismantling of USAID and the reorientation of development policy under the current Trump Administration (Klingebiel et al., 2025; Mavrotas, 2025).