Norway will increase its contribution to the International Fund for Agricultural Development by NOK 508 million from 2022 to 2024. The money will go to poor farmers.
The International Fund for Agricultural Development (IFAD) has the ambition to double the efforts aimed at poor farmers by 2030.
That is an ambition Norway supports, and the increase means an increase of 40% compared to the period 2019 to 2021.
“We can not eradicate poverty without reaching small farmers in rural areas in developing countries.
“Almost 80% of the world’s poorest and most vulnerable live there. IFAD’s programs give small farmers better income and poor families a better livelihood,” Minister for Development Aid Dag-Inge Ulstein (KRF) noted in a press release.
Source: © NTB Scanpix / #Norway Today / #NorwayTodayFinance
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