The Forum for Agricultural Research in Africa Multi-Donor Trust Fund received an additional $14 million from the European Commission to achieve food security
The boost increases total support for the fund to $45 million
The funding is also intended to help Sub-Saharan African countries reach a higher path of economic growth through agriculture development
WASHINGTON, April 24, 2014 – Sub-Saharan Africa's efforts to achieve food security received an important boost today with the signing of an agreement that will provide an additional $14 million to the Forum for Agricultural Research in Africa Multi-Donor Trust Fund (FARA MDTF) administered by the World Bank.
The agreement was signed in Washington, DC by Dr. Yemi Akinbamijo, executive director of FARA, and Colin Bruce, World Bank director for regional integration in the Africa region.
These new funds, which are provided by the European Commission, increase total support for the FARA MDTF to $45 million. These funds support FARA’s programs toward strengthening the capacity of African agricultural research institutions to develop new technologies for Africa’s farmers.
The funding is intended to help Africa to achieve its objective under the Comprehensive Africa Agriculture Development Programme (CAADP) so African countries can reach a higher path of economic growth through agriculture-led development. CAADP is Africa’s initiative to raise agricultural growth on the continent. Under CAADP, the Africa Union has named 2014 as the Year of African Agriculture and Food Security.