{"id":15531,"date":"2022-06-05T09:39:25","date_gmt":"2022-06-05T09:39:25","guid":{"rendered":"https:\/\/www.africa-press.net\/lesotho\/all-news\/african-development-bank-earmarks-1-5-billion-to-help-farmers"},"modified":"2022-06-05T10:59:15","modified_gmt":"2022-06-05T10:59:15","slug":"african-development-bank-earmarks-1-5-billion-to-help-farmers","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/lesotho\/all-news\/african-development-bank-earmarks-1-5-billion-to-help-farmers","title":{"rendered":"African Development Bank earmarks $1.5 billion to help farmers"},"content":{"rendered":"

Africa-Press – Lesotho. <\/strong><\/span>In a view to improve agricultural productivity and offset food insecurity, the African Development Bank (AfDB) has set aside to the tune of $1.5 billion (M23.4 billion) to help African farmers to improve<\/p>\n

production. This the Bank has said in a press release issued on May 23. \u201cThe African Development Bank Group\u2019s Board of Directors has approved a $1.5 billion Emergency Food Production Facility to help tackle the<\/p>\n

global food crisis sparked by the Russia-Ukraine conflict,\u201d reads the Bank\u2019s statement. The Food and Agriculture Organization (FAO) Director-General Qu Dongyu has last month warned that: \u201cThe war in Ukraine will impact consumers<\/p>\n

across the world as the resulting increases in the prices of food, energy and fertilizers put the next global harvest at risk. \u201d AfDB is mandated to ignite sustainable economic development<\/p>\n

and social progress to the regional member countries (RMCs) through mobilization and allocation of resources for investments. This funding is expected to help 20 million African farmers<\/p>\n

to produce an extra 38 million metric tons of food to avert fears of starvation and food insecurity on the continent, the Bank has said. Recently, the Central Bank of Lesotho (CBL) has warned that<\/p>\n

the food prices are expected to soar owing to recent floods and ravaging war between Russia and Ukraine \u201cThe emergency food production package comes as the African<\/p>\n

Development Bank gathers in the Ghanaian capital of Accra for its 2022 Annual Meetings this week. Delegates will take stock of the Bank\u2019s projects, which<\/p>\n

have impacted the lives of 335 million Africans in the last five years, while looking ahead to new challenges and opportunities. \u201cOvercoming Africa\u2019s challenges includes building back from<\/p>\n

COVID-19,\u201d reads the AfDB statement in pertinent part. The Bank boasts about 81 stakeholder countries that support its work. Lesotho is one of its RMC.<\/p>\n

For More News And Analysis About Lesotho<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Lesotho. In a view to improve agricultural productivity and offset food insecurity, the African Development Bank (AfDB) has set aside to the tune of $1.5 billion (M23.4 billion) to help African farmers to improve production. This the Bank has said in a press release issued on May 23. \u201cThe African Development Bank Group\u2019s […]<\/p>\n","protected":false},"author":84,"featured_media":15530,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7,8,16],"tags":[233,246,278,245],"class_list":["post-15531","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-lesotho","tag-bank","tag-lesotho"],"yoast_head":"\nAfrican Development Bank earmarks $1.5 billion to help farmers - Lesotho<\/title>\n<meta name=\"description\" content=\"In a view to improve agricultural productivity and offset food insecurity, the African Development Bank (AfDB) has set a ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/lesotho\/all-news\/african-development-bank-earmarks-1-5-billion-to-help-farmers\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"African Development Bank earmarks $1.5 billion to help farmers\" \/>\n<meta property=\"og:description\" content=\"In a view to improve agricultural productivity and offset food insecurity, the African Development Bank (AfDB) has set a ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/lesotho\/all-news\/african-development-bank-earmarks-1-5-billion-to-help-farmers\" \/>\n<meta property=\"og:site_name\" content=\"Lesotho\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-06-05T09:39:25+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-06-05T10:59:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/lesotho\/sites\/62\/2022\/06\/postQueueImg_16-629c8c6059016.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/african-development-bank-earmarks-1-5-billion-to-help-farmers#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/african-development-bank-earmarks-1-5-billion-to-help-farmers\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"African Development Bank earmarks $1.5 billion to help farmers\",\"datePublished\":\"2022-06-05T09:39:25+00:00\",\"dateModified\":\"2022-06-05T10:59:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/african-development-bank-earmarks-1-5-billion-to-help-farmers\"},\"wordCount\":314,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/african-development-bank-earmarks-1-5-billion-to-help-farmers#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/lesotho\/sites\/62\/2022\/06\/postQueueImg_16-629c8c6059016.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Lesotho\",\"Bank\",\"Lesotho\"],\"articleSection\":[\"all news\",\"economy\",\"head lines\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/lesotho\/all-news\/african-development-bank-earmarks-1-5-billion-to-help-farmers#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/african-development-bank-earmarks-1-5-billion-to-help-farmers\",\"url\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/african-development-bank-earmarks-1-5-billion-to-help-farmers\",\"name\":\"African Development Bank earmarks $1.5 billion to help farmers - 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