€300 million loan from AFD to IFAD to support millions of small-scale farmers

In an effort to tackle the devastating impact of climate change on rural hunger and poverty, the French development agency, Agence Française de Développement (AFD), today signed a €300 million loan to the UN’s International Fund for Agricultural Development (IFAD) to help small-scale farmers in high-risk countries build their resilience to shocks and increase their productivity.
“If we want a world without hunger and poverty we have to focus our attention on the most vulnerable places where the poorest people live – and this is in rural areas,” said Gilbert F. Houngbo, President of IFAD, the UN agency dedicated to eradicating rural poverty and hunger.
“This loan demonstrates France’s strong commitment to investing in rural people, as well as the role of IFAD in assembling development finance to fight climate change in line with the Paris Agreement.”