ISTANBUL: The World Bank Group announced Wednesday it is doubling its agri-finance and agribusiness commitments to $9 billion annually by 2030 to create a comprehensive ecosystem for the industry. The target will focus on four areas that reshape the agribusiness landscape -- climate change, innovations in finance, digitalization and solutions to fragmentation. The financial institution expects global food demand to increase by 60% in the coming decades, while its financial commitment aims to respond to critical jobs in emerging markets. "We stand at a crossroads, and the path we choose today will determine the future,' World Bank Group President Ajay Banga said in a statement. "The World Bank's ecosystem approach moves us beyond fragmented efforts to a constellation of solutions that includes everything from warehousing to logistics to production, but with smallholder farmers and producer organizations at the center," he added. Source: Anadolu Agency