Malawi: New U.S.$ 57 Million Poverty Bailout Programme
Government will soon embark on a new US$ 57 million programme targeting country's ultra-poor with a goal of reducing poverty. The Programme called Financial Access for Rural Markets Smallholders and Enterprises (FARMSE), targets Social Cash Transfer beneficiaries with the potential to graduate from poverty, by providing support through access to financial services and micro, small and medium enterprises appropriate to each social economic level of poverty.
FARMSE is a seven-year national-wide development programme financed by the government, International Fund for Agriculture (IFAD) and the private Sector at the tune of U$57, 700, 00 and runs up to 2025. Read More