IFAD to invest $13 million in Myanmar to reduce poverty and improve food security and nutrition in rural areas
IFAD to invest $13 million in Myanmar to reduce poverty and improve food security and nutrition in rural areas
The International Fund for Agricultural Development (IFAD) has signed a financing agreement with the Government of Myanmar to reduce poverty, and improve food security and nutrition for over 390,000 rural people in the northern Magway region and southern Chin state.
The agreement was signed by Gilbert F. Houngbo, President of IFAD, and, Myint Naung, Myanmar Ambassador and Permanent Representative to the UN in Rome. The total cost of the Western States Agribusiness Project (WSAP) is US$20.3 million of which IFAD is providing a $9 million loan and a $4 million grant. Read More