You are here

Tag: IFAD

Ethiopia, IFAD signs US$106.4M grant agreement to boost sustainable agriculture

ETHIOPIA – Ethiopia and International Fund for Agricultural Development (IFAD) have signed a grant agreement of US$106.4 million for the implementation of the participatory Agriculture and Climate Transformation (PACT) program in the country. According to Ethiopia News Agency, Ahmed Shide, the Minister of Finance, and Sara Mbango-Bhunu the IFAD Regional Director of the Eastern and Southern Africa Division, signed the…

Read More

DRC secures US$45.2M loan from IFAD to fund a project aimed at boosting food security

DRC – The government of the DRC has secured a US$45.2 million loan to fund a project aimed at reducing poverty and ensuring food sovereignty in the country’s rural areas. The project named ‘Empowerment through Nutrition-sensitive, Inclusive, and Resilient Agricultural and Rural Entrepreneurship’ (AVENIR) is co-financed by DRC and Agence Française de Développement (AFD). It is designed to support the…

Read More

IFAD strengthens investments in Somalia, welcomes Ukraine as its 178th Member State

ITALY – The International Fund for Agricultural Development (IFAD) has announced plans to substantially strengthen support for drought-hit Somalia to help small-scale producers cope with climate shocks and food insecurity. The announcement was made by IFAD President Alvaro Lario, during the 46th IFAD session of the Governing Council in Rome. In his presentation, Lario stressed the humanitarian assistance for IFAD to save lives now,…

Read More