UN rural development arm provides over $100 million to fight poverty worldwide

20 April 2007 – The United Nations International Fund for Agricultural Development (IFAD) announced today that it will provide over $100 million to combat rural poverty in eight developing countries in Africa, Asia, Latin America and the Middle East.

IFAD’s Executive Board, which met at the agency’s headquarters in Rome from 17 to 18 April, decided the money – $63.5 million in loans and $59.2 million in grants – is earmarked for Burundi, Cambodia, Comoros, Ethiopia, Kenya, Paraguay, Sierra Leone and Syria. [Read more]