The International Fund for Agricultural Development will provide USD15.2 million worth of assistance to Nepal in a bid to help reduce poverty in the country’s hill and mountain regions.
The assistance includes a USD7.6 million loan agreement and a USD7.6 million grant. It will be used to finance a new project that seeks to reduce poverty and social inequality in Nepal’s Mid-Western Development Region by promoting diversification in the crops produced by farmers in the area.
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Some 52,000 of the poorest and most vulnerable households in the area are expected to benefit from the project.
