The International Fund for Agricultural Development has signed a $17.4 million agreement designed to help improve food security, develop rural infrastructure and boost economic growth in southern Chad.
Under the agreement, which was signed May 23 in Italy, IFAD will provide Chad with an $8.95 million loan and an $8.45 million grant. The two will work with the European Union, World Food Program and the U.N. Capital Development Fund to improve access to safe water and financial services, rehabilitate rural roads and help address chronic food security issues in some of Chad’s poorest communities.
More than 132,000 people, including smallholder farmers and rural women, are expected to directly benefit from these initiatives.
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