Browsing: Peter Eriksson

Gilbert Fossoun Houngbo, the IFAD president-The Exchange

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 …