IFAD finances $7bn projects to support 123 million vulnerable
Published On August 2, 2021 » 616 Views» By Times Reporter » Business, Stories
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. Houngbo

By KENNEDY MUPESENI-
THE International Fund for Agricultural Development (IFAD) has increased its support for the most vulnerable and marginalised people. According to the IFAD Annual Report 2020 released yesterday, with 203 ongoing projects and total financing of US$7.5 billion, IFAD was able to reach 123 million people in 2020. Commenting on the report, IFAD President, Gilbert Houngbo said despite the challenges of 2020, the organisation remained convinced that its vision of a world free of poverty and hunger was attainable and should remain in focus.

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