AFD and IFAD enter partnership to support agricultural investment in sub-Saharan Africa

Oct 10, 2013

The International Fund for Agricultural Development (IFAD) and the French Development Agency (AFD) signed on Tuesday (October 8th) in Rome a €2 million financing agreement to create a platform for the management of agricultural risk (PARM).

The International Fund for Agricultural Development (IFAD) and the French Development Agency (AFD) signed on Tuesday (October 8th) in Rome a
€2 million
financing agreement to create a platform for the management of agricultural risk (PARM).

It should allow governments and private partners in eight sub-Saharan African countries to coordinate and implement instruments
on
agricultural risk management at sector level, the AFD said in a statement.

Eventually, the platform will enable the establishment of multiple national strategies as well as several instruments for risk management.

The PARM will also contribute to the creation of tools to facilitate decision-making. In addition, it will develop workshops, training sessions,
as well as
risk assessment and feasibility studies. It will also contribute to implementing public sector policies and monitoring missions.

For AFD, this project is part of its
"food security in sub-Saharan Africa" strategy, and will
help
stimulate economic development, protect the environment through resilient agricultural practices, and fight against poverty.ADNFCR-2976-ID-801647820-ADNFCR