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- IFAD together with governments, partners and stakeholders are exploring solutions to optimize the contribution of agriculture to nutrition in food systems.
- Africa still experiences a malnutrition burden among children aged under 5 years.
- The continent’s food security challenges are compounded by the war in Ukraine, by supply chain shortages, conflict, and drought.
A regional knowledge and experience-sharing workshop that addresses nutrition, rural development and food system transformation began today in Abidjan, Côte d’Ivoire. Improving food and nutrition security in West and Central Africa (WCA) is crucial. It is estimated that 29.8 per cent of the population of West Africa and 13.9 per cent of the population of Central Africa are undernourished.
For three days, representatives of rural development projects co-financed by the International Fund for Agricultural Development (IFAD) together with governments, partners and other stakeholders will explore solutions to optimize the contribution of agriculture to nutrition in the context …
Ahead of COP28, the UN’s International Fund for Agricultural Development (IFAD) is calling on leaders across the globe to shift gears and drastically and urgently scale up climate finance for small-scale farmers and small agribusinesses, who produce one-third of the world’s food and up to 70 per cent of the food in low- and middle-income countries. Many of these farmers are grappling with the negative impacts of climate change.…
- For millions of households in Uganda, remittances play a vital role in safeguarding food security, healthcare, savings and investment opportunities.
- IFAD data shows 75% of money sent to Uganda is used to fight poverty and improve access to nutrition, health, housing and education.
- The remaining 25 percent is used to support small businesses and facilitate access to financial products.
The UN’s International Fund for Agricultural Development (IFAD) has partnered with Stanbic Bank Uganda (SBU) in a plan to reduce the cost incurred by Ugandans sending money back home by half through a digital payment platform dubbed FlexiPay.
The partnership will also provide remittance recipients, especially in rural areas, with digital and financial training to promote the savings culture and foster digital finance uptake among these communities.
Cost of remittances in Uganda
At the moment, the average cost of sending money back home for Uganda’s migrant workers is 11.3 per cent, …
As traditional markets were upended due to COVID-19-related supply chain and transportation disruption, the RPSF stepped in to provide small-scale farmers with seeds, fertilizer, access to liquidity and information. Support for digital services like e-marketing and e-money were also increased. Twenty million people have received support in 59 hard-hit countries through the RPSF so far in the past two years.
The Annual Report 2021 also highlights IFAD’s efforts to expand its resource mobilisation by enlisting the participation of private sector partners. This builds on IFAD’s A++ credit rating, attained in 2020, which has allowed the agency to pursue co-financing through partnerships and thereby complement its core three-year “replenishment” resources. In June 2021, IFAD also launched a Sustainable Development Finance Framework to guide engagement with institutional impact investors who focus on sustainable finance.
Other milestones in 2021 for IFAD included continuing advocacy for rural people and for a transformation of food…
African food imports have risen in the last few decades, reaching nearly US$35 billion a year, according to the World Bank. Most imported goods could be made in Africa, creating much-needed jobs in the process.
It is with this knowledge that a coalition of multilateral development banks and development partners has pledged more than US$17 billion in finance to combat rising hunger in Africa and improve food security. This funding was pledged on the final day of the Feeding Africa: Leadership to Scale Up Successful Innovations on April 29-30, 2021.
The two-day high-level debate was held in conjunction with the CGIAR System Organization and the Forum for Agricultural Research in Africa (FARA), the AfDB and the UN's International Fund for Agricultural Development (IFAD).…
Africa has so far escaped the worst health consequences of the COVID-19 pandemic. However, the continent looks like it could be the worst hit from the economic fallout of the crisis: 80 million Africans could be pushed into extreme poverty if action is not taken. And disruptions in food systems raise the prospect of more Africans falling into hunger. Rural people, many of whom work on small-scale farms, are particularly vulnerable to the impacts of the crisis. It is therefore vital that the COVID-19 response address food security and target the rural poor.
At this time, the international development agenda is prioritizing health, economies and infrastructure. But there must also be a focus on food security, agribusiness and rural development. This is especially important on the African continent.
Agriculture contributes 65 per cent of Africa’s employment and 75 per cent of its domestic trade. However, the rich potential of agriculture …
Ethiopia’s most vulnerable families are set to benefit from a new US$451 million project to increase their resilience to climate shocks in the country’s poorest regions.
A financing agreement for the Lowlands Livelihood Resilience Project was signed today by Gilbert F. Houngbo, President of the International Fund for Agricultural Development (IFAD) and Zenebu Tadesse Woldetsadik, Ambassador, Permanent Representative of the Federal Democratic Republic of Ethiopia to the United Nations Food and Agriculture Agencies in Rome.
The funding includes a $90 million loan from IFAD and $350 million in co-financing from the International Development Association (80 per cent loan and 20 per cent grant) and $11million from the beneficiaries themselves.
The project, primarily designed to help achieve Sustainable Development Goals 1 and 2 (eradicating poverty and hunger) will install small-scale irrigation technology to reduce dependence on erratic rains. It will also help smallholder farmers to invest in research systems for faster …
The International Fund for Agricultural Development (IFAD) has set aside Ths.127.3 billion ($55.3 million) for funding agriculture projects in the country for three years beginning January 2020.
A State House statement said that IFAD president Gilbert Fossoun Houngbo revealed this on 20th May 2019 when he held talks with President John Magufuli.
Houngbo who was in the country for a three-day official visit hailed president Magufuli`s government for the strong efforts in implementing various development projects including those funded by IFAD.
He said after setting aside the funds, IFAD is now waiting for the Tanzanian government to indicate key areas for the money to be allocated, noting that he hopes the projects will be implemented since Tanznaia is a peaceful country, and given the way the government has shown its commitment.
In his remarks President Magufuli thanked the international agency for the support and promised that the working …