The United Nations' International Fund for Agricultural Development (IFAD) says it has committed $40 million and launched an urgent appeal for additional funds to support farmers and rural communities amidst the COVID-19 pandemic.
This was disclosed by the president of the agency, Gilbert Houngbo, in a report published recently on its website.
IFAD is an international financial institution and specialised United Nations agency headquartered in Rome, the UN’s food and agriculture hub. He said with immediate action, people in rural settlements can be provided with the tools to adapt and ensure a quicker recovery, averting an even bigger humanitarian crisis.” will focus on activities which include the provision of inputs for production of crops, livestock and fisheries to small-scale producers so that they can weather the immediate effects of the economic crisis.
According to the report, closures of major transport routes and export bans may also affect food systems adversely, since the entire production chains are disrupted, leading to high unemployment rate.
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