Eradicating world hunger sustainably by 2030 will require an estimated additional $267 billion per year on average for investments in rural and urban areas and in social protection so poor people have access to food and can improve their livelihoods, a new UN report says. This would average $160 annually for each person living in extreme poverty over the 15 year period.

The report was prepared by the Food and Agriculture Organization (FAO), the International Fund for Agriculture Development (IFAD) and the World Food Programme (WFP), presented in Rome in July ahead of the Third International Conference on Financing for Development in Addis Ababa, Ethiopia.

The report notes that despite the progress made in recent decades, today nearly 800 million people, most of them in rural areas, still do not have enough food to eat.