The agreement gives ICRISAT access to gene editing technology that will support faster development of stronger crop varieties for farmers across Asia and Africa.
The new partnership aims to help more farmers access improved rice technologies as Africa works to reduce its dependence on imports.
The bank says stronger climate planning and more funding will help countries reduce the economic impact of the expected weather event.
The United States wants to grow wheat sales in sub-Saharan Africa by showing buyers the value of higher quality wheat instead of competing on price.
While world rice production is expected to fall next season, Africa could record growth as governments support local production and farmers adopt improved seed varieties.