The International Fund for Agriculture Development (IFAD) yesterday announced US$3.5bn loans and grants fight poverty and hunger in developing countries.

A statement from IFAD said the target was announced during the final consultation of the eleventh replenishment of the Fund.

It said that fund would enable IFAD to expand the size of its programme of loan and grants by 10 per cent, while deepening and improving its operations over a three-year period from 2019 to 2021.

The UN agency estimates the projects would support 47 million smallholdmer farmers to increase their production through access to technology, finance and knowledge, while improving access to markets for 46 million……Continue

Source: Daily Trust

Page: 7

Date: 13th February, 2018