Coronavirus: fund launched to support rural farmers

April 22th, 2020 – With the COVID-19 pandemic and economic slowdown threatening the lives and livelihoods of the world’s most vulnerable people, the UN’s International Fund for Agricultural Development (IFAD) on Monday committed US$40 million, and launched an urgent appeal for additional funds, to support farmers and rural communities to continue growing and selling food.

IFAD’s new multi-donor fund, the COVID-19 Rural Poor Stimulus Facility, will mitigate the effects of the pandemic on food production, market access and rural employment. As part of the broader UN socio-economic response framework, the Facility will ensure that farmers in the most vulnerable countries have timely access to inputs, information, markets and liquidity. On top of its own contribution, IFAD aims to raise at least $200 million more from Member States, foundations and the private sector.

More…http://www.nanews.net/news/coronavirus-fund-launched-to-support-rural-farmers/

Written by Nordic Africa News

Related Post

thumbnail
hover

SME Performance Review: the Annual Report...

Despite ongoing economic headwinds and geopolitical uncertainties, Europe’s 26.1 million SMEs continue to demonstrate remarkable resilienc...

thumbnail
hover

How small businesses can navigate global...

Micro, small, and medium-sized enterprises represent the vast majority of businesses worldwide and are vital to global employment, yet they ...

thumbnail
hover

Equipping SMEs with the skills to...

SMEs and entrepreneurs heavily depend on skills to stay competitive and face greater challenges than larger firms in accessing and retaining...

CLOSE
CLOSE