World Food Bank

WFB

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Forecasted consequences of the global warming by 2100

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Example (Italy)
  • The grain elevators will be located on the territory of the Republic of Kazakhstan, in special economic zones protected by supranational laws and agreements. The Government or the President of the Republic of Kazakhstan cannot prohibit the export and/or transit of stored grain. A supranational special zone will be created based on the agreement between UN FAO and the Government of the Republic of Kazakhstan
How it works:
  • Institutional investors provide a loan for the development of grain elevator to the participating country - Italy
  • Italy is building elevators at the expense of institutional investors, 50% of which will be allocated to the food safety reserve, the remaining 50% will be transferred under the trust management of TDFA, which will allow to pay back the cost of these elevators within 10-12 years.

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Example (Azerbaijan)
  • A participating country builds an elevator either at its own expense or at the expense of institutional investors, and if the country wants to engage in grain trading, they can earn money by purchasing in the fall and selling grain in the spring at peak prices without transferring the elevators under trust management.

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Example (Saudi Arabia)

  • If the country does not want to engage in trading and not interested in the payback of the elevators, country can refresh the stored grain once every two years. At the request of countries, the food bank (managed by TDFA) will renew the grain stock at the elevators. The old grain will be sold by the trading house, and the grain from the new harvest will be used to refresh the reserves. The updating will cost 3% of the total storage volume and this will reduce the cost of food security of the participating country by 8 times.