A program that is intended to help more than 13 million most vulnerable Ethiopian farmers to increase and diversify their incomes, access financial services and build resilience in rural areas threatened by climate change was signed yesterday.
The new 305.7-million-USD agreement was signed by Gilbert F. Houngbo, President of the International Fund for Agricultural Development (IFAD), and Zenebu Tadesse, Permanent Representative of Ethiopia to the United Nations Food and Agriculture Agencies in Rome.
During the signing ceremony, IFAD Country Director for Ethiopia Ulaç Demirag said, “access to finance is crucial for rural people, particularly those whose incomes are threatened by a changing climate to expand their businesses, and to take advantage of new emerging livelihood opportunities along agricultural and agro-industrial value chain.”
