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

Journal Title: Oblik i finansi - Year 2025, Vol 1, Issue 1

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.

Authors and Affiliations

Olena Shebanina & Anastasiia Poltorak & Dmytro Chorniy & Maksym Tkachenko

Keywords

Related Articles

Objects of Intellectual Property Right in the Accounting System

The rapid introduction of software products and other objects of intellectual property rights in the context of the fourth industrial revolution requires the improvement of methodical approaches to identifying the costs...

Шляхи впливу калькуляційної практики на інновації

Облік – це комунікація, що веде людей до здійснення дій і, звідси, до побудови шляхів поведінки і буття. Однак, вплив обліку на соціально-економічні відносини вітчизняними вченими досліджується досить вузько. Метою статт...

Peculiarities of Accounting for Assets and Liabilities in Contracts with Customers that Contain a Significant Financing Component

The purpose of the article is substantiation the methodical support of accounting for contract assets, receivables, and contract liabilities in the contracts with customers that contain a significant financing component....

Інтегрована звітність: ретроспектива і перспектива в Україні

Після фінансових і соціальних криз кінця ХХ – початку ХХІ століття весь цивілізований світ зацікавився можливостями розширення звітності, тобто доповнення її інформацією що розкриває цілі та результати політики сталого р...

Development of Accounting Policies of Agricultural Enterprises

Today, the availability of different approaches to understanding the nature of accounting policies indicates about incomplete scientific research in this area. The purpose of the article is to evaluate the features of de...

Download PDF file
  • EP ID EP763373
  • DOI 10.33146/2307-9878-2025-1(107)-103-111
  • Views 16
  • Downloads 0

How To Cite

Olena Shebanina & Anastasiia Poltorak & Dmytro Chorniy & Maksym Tkachenko (2025). Funding Processes for Strengthening Global Food Security: Challenges and Innovative Solutions. Oblik i finansi, 1(1), -. https://europub.co.uk/articles/-A-763373