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Obama Updates Development Profile: Ag and Private Sector Now Friends

President Obama announced $3 billion in new private sector investments in agriculture in three African countries at a packed event in Washington, D.C., last Friday. The New Alliance for Food Security and Nutrition is the cornerstone of the United States' 2012 G-8 commitments to development led by USAID and administrator Rajiv Shah. There's a lot to like about the partnership: presidential leadership, a link between public and private investment, and a focus on policy change. But all eyes are on how the relatively modest investments will be implemented and whether they can reach the ambitious poverty reduction targets.