Germany’s €27.3 million contribution to IFAD’s Rural Poor Stimulus Facility will provide small-scale food producers with timely access to inputs, markets, liquidity and information to help ensure a continuous food supply in the worst affected areas in Africa, Asia, the Middle East and Latin America.
The Facility was launched in April by IFAD’s Goodwill Ambassadors, Idris and Sabrina Elba.
Gilbert F. Houngbo, President of IFAD, said:
The impact of COVID-19 on the world’s most vulnerable rural people has been brutal. If they continue to struggle to feed their families or earn a decent living, we will have a far greater crisis on our hands. Keeping local food chains going is a way to help bring some stability and prevent mass migration and conflict.
With this generous and timely contribution, the Government and people of Germany are reaffirming their commitment to building a more stable world where people live free from hunger.
Dr. Maria Flachsbarth, Parliamentary State Secretary to the German Federal Minister for Economic Cooperation and Development, added:
COVID-19 has severe implications for poor rural people and smallholder farmers in developing countries. IFAD’s Rural Poor Stimulus Facility provides key inputs, targeted funds and other important assistance to these farmers in order to stabilize agricultural production and markets.
The German Federal Ministry for Economic Cooperation and Development is happy to support the Facility’s important work with a significant contribution of more than €27 million.
The Facility has already approved 50 proposals for funds which will support around 1.5 million people, including in some of the world’s most challenging contexts such as Afghanistan, Lebanon, Somalia and Yemen.
IFAD is currently advocating for an increase in long-term investments in agriculture and rural development to ensure recovery from COVID-19 and to transform food systems to make them more inclusive, productive, resilient and sustainable.
Germany is a founding member of IFAD and one of its main donors. It has contributed more than US$610 million to the Fund since it was established in 1978.
(source: IFAD Press release)
IFAD invests in rural people, empowering them to reduce poverty, increase food security, improve nutrition and strengthen resilience.
Since 1978, we have provided US$22.4 billion in grants and low-interest loans to projects that have reached an estimated 512 million people.
IFAD is an international financial institution and a United Nations specialized agency based in Rome – the United Nations food and agriculture hub.