AfDB plans to make USD 1.5 billion available for agriculture in Africa

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AfDB plans to make USD 1.5 billion available for agriculture in Africa
AfDB plans to make USD 1.5 billion available for agriculture in Africa

Africa-Press – Botswana. The African Development Bank (AfDB) plans to provide a credit of US$1.5 billion that will be used over the next four planting seasons to increase production of maize, wheat, rice and soy crops in Africa.

The information was released today in São José (Costa Rica), by the African Union Commissioner for Agriculture, Rural Development, Blue Economy and Sustainable Environment Josefa Correia Sacko, at the Africa-Americas Ministerial Summit on Agricultural and Food Systems.

The African diplomat said that “it is estimated to produce 37.6 million metric tons of these cereals, which will have an increase of about 30% in local production.

He made it known that the increase in food prices that hits poor and developing countries the most, threatens to erase the gains made in development, even before the Covid-19 pandemic, as a consequence, reduced income and disrupted supply chains, including chronic and acute hunger increased due to these factors.

Other factors pointed out by the commissioner that are at the base of the crisis have to do with conflicts, socio-economic conditions, natural risks, climate change and plagues.

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