The role of development finance institutions in addressing food security in vulnerable contexts

Food security and economic development in fragile contexts are undermined by conflict, instability, and weak investment opportunities. This report examines the role of development finance institutions (DFIs) in 14 high‑risk countries (the “10+1” group) identified by the UK FCDO.

DFIs can support food security by raising productivity across economies or directly investing in agriculture and agribusiness. Yet only a small share of DFI funds reach these contexts, constrained by risk, scale, and transaction costs.

The study highlights opportunities in food value chains and transport infrastructure, while recommending blended finance, localised funds, and stronger conditions for investible enterprises.