Food & AgricultureNews

FAO Announces $11 million Fund to Boost Agriculture in Africa

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  • The $11 million grant was co-financed by the Bill and Melinda Gates Foundation, the USAID, Germany and the Netherlands

The Food and Agriculture Organization of the United Nations (FAO) has announced the launch of $11 million grant to develop new policy tools and advanced economic modelling to help governments determine whether food and agriculture budgets are being spent optimally.

Included in the grant targeted at boosting Agriculture, eight African countries, such as Burkina Faso, Ghana and Nigeria, will benefit from the Food and Agricultural Policy Management and Analysis programme. 

The US$11 million project will support the agricultural reform process in these countries and help them make more informed and evidence-based policy and investment decisions. The Food and Agriculture Organization of the United Nations (FAO) emphasizes that the objective of this programme is to identify priority areas for increased investment, among others.

In order to support the agricultural reform process, FAO launched on Wednesday 06 April 2022, the third phase of its agricultural policy initiative in several West African countries. The $11 million grant was co-financed by the Bill and Melinda Gates Foundation, the United States Agency for International Development (USAID), Germany and the Netherlands.

The main objectives of this food and agricultural policy analysis and management programme are to identify priority areas for increased investment, increase transparency in markets and trade, and transform the rural world to be more inclusive with more nutritious food systems for all.

Through funding, donors hope to develop new policy tools and advanced economic modelling to help governments determine whether food and agriculture budgets are being spent optimally.

Source
TechEconomy

Nichole Manhire

Is the media and brand manager at GFA News. She works very closely with editors and podcasters that contribute to telling the African business success story. For marketing and advertising send Nichole an email: nichole@getfundedafrica.com

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