U.S. Agency for International Development (USAID) Administrator Mark Green, PepsiCo Director of Sustainable Agriculture Margaret Henry, and the President of the PepsiCo Foundation Jon Banner, signed a Memorandum of Understanding on June 7, 2019, in New York, to expand collaboration between USAID, PepsiCo, and the PepsiCo Foundation.

The new global agreement lays the foundation for co-creation and co-investment by USAID, PepsiCo, and the PepsiCo Foundation to help underserved communities around the world address food and water challenges sustainably by enhancing agricultural productivity. Two programs are already planned in India and Egypt to empower women and increase transparency and sustainability in agricultural supply chains.

These and other potential partnerships will leverage the market reach and expertise of PepsiCo and its Foundation, while advancing development goals associated with the Women's Global Development and Prosperity Initiative and the U.S. Government's Feed the Future initiative. Deeper and broader engagements with the private sector are a key tenet of USAID's approach to helping countries move beyond the need for assistance.