{"id":19768,"date":"2022-07-21T12:44:39","date_gmt":"2022-07-21T12:44:39","guid":{"rendered":"https:\/\/www.africa-press.net\/liberia\/all-news\/adb-group-board-approves-us-1-billion-for-emergency-food-production"},"modified":"2022-07-21T12:55:57","modified_gmt":"2022-07-21T12:55:57","slug":"adb-group-board-approves-us-1-billion-for-emergency-food-production","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/liberia\/all-news\/adb-group-board-approves-us-1-billion-for-emergency-food-production","title":{"rendered":"ADB Group Board approves US$ 1 billion for emergency food production"},"content":{"rendered":"

Africa-Press – Liberia. <\/strong><\/span>The facility targets 20 million African smallholder farmers to end reliance on food imported from Russia and Ukraine<\/b><\/p>\n

Liberia and 23 other African countries are set to benefit from a US$ 1 billion emergency food production cash injection approved by the African Development Bank (ADB) Group\u2019s (www.AfDB.org) Board of Directors.<\/p>\n

The other beneficiary countries are Senegal, Niger, Togo, Sierra Leone, The Gambia, C\u00f4te d\u2019Ivoire Nigeria, Tanzania, Kenya, Burundi, South Sudan, Somalia, Eswatini, Madagascar, Malawi, Zimbabwe, Zambia, and Mozambique.<\/p>\n

The rest are the Central Africa Republic, Chad, The Democratic Republic of the Congo, Cameroon, and Egypt.<\/p>\n

The package includes 24, fast-track programs to help Africa mitigate rising food prices and inflation caused by Russia\u2019s war in Ukraine, climate change and the Covid-19 pandemic.<\/p>\n

The first round of approvals is part of the Bank\u2019s $1.5 billion African Emergency Food Production Facility, established in May to boost food security, nutrition, and resilience across the continent.<\/p>\n

The facility will provide 20 million African smallholder farmers with certified seeds and increased access to agricultural fertilizers. It will also support governance and policy reform, which is expected to encourage greater investment in Africa\u2019s agricultural sector. The African Emergency Food Production Facility will enable African farmers to produce 38 million additional tons of food over the next two years. This is food worth an estimated $12 billion.<\/p>\n

As of 15 July, the Bank Group\u2019s Board of Directors had approved a total of $1.13 billion in mixed financing for Emergency Facility programs targeting 24 countries: eight countries in West Africa; five in East Africa; six in Southern Africa; four in Central Africa and one in North Africa.<\/p>\n

\u201cThis is a landmark week for the African Development Bank and the African Emergency Food Production Facility,\u201d said Dr. Beth Dunford, the Bank\u2019s Vice President for Agriculture, Human and Social Development. \u201cThese programs will deliver much-needed climate-adapted seeds, access to affordable fertilizers and usher in policy reforms to enable the agriculture sector to supply immediate, medium and long-term solutions to challenges faced in regional member countries.\u201d<\/p>\n

The African Emergency Food Production Facility is designing programs to respond to requests from more countries on the continent.<\/p>\n

The facility focuses on staple crops that many African nations largely import from Russia and Ukraine. However, the Russia-Ukraine war has left the continent facing a deficit of at least 30 million tons of food. Successful implementation of the facility will deliver 38 million tons of food, exceeding the amount imported from Russia and Ukraine. Through the facility, African farmers will produce approximately 11 million tons of wheat, 18 million tons of maize, 6 million tons of rice and 2.5 million tons of soybeans.<\/p>\n

The program will build on the success of the Bank\u2019s Technologies for African Agricultural Transformation (TAAT) platform. Launched in 2019, TAAT delivered heat-tolerant wheat seed varieties to 1.8 million farmers in seven countries. It also increased wheat production by 2.7 million tons, valued at $840 million.<\/p>\n

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

Africa-Press – Liberia. The facility targets 20 million African smallholder farmers to end reliance on food imported from Russia and Ukraine Liberia and 23 other African countries are set to benefit from a US$ 1 billion emergency food production cash injection approved by the African Development Bank (ADB) Group\u2019s (www.AfDB.org) Board of Directors. The other […]<\/p>\n","protected":false},"author":84,"featured_media":19767,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8,16],"tags":[233,237,234],"class_list":["post-19768","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-liberia","tag-liberia"],"yoast_head":"\nADB Group Board approves US$ 1 billion for emergency food production - Liberia<\/title>\n<meta name=\"description\" content=\"The facility targets 20 million African smallholder farmers to end reliance on food imported from Russia and Ukraine< ...\" \/>\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\/liberia\/all-news\/adb-group-board-approves-us-1-billion-for-emergency-food-production\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ADB Group Board approves US$ 1 billion for emergency food production\" \/>\n<meta property=\"og:description\" content=\"The facility targets 20 million African smallholder farmers to end reliance on food imported from Russia and Ukraine< ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/liberia\/all-news\/adb-group-board-approves-us-1-billion-for-emergency-food-production\" \/>\n<meta property=\"og:site_name\" content=\"Liberia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-07-21T12:44:39+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-07-21T12:55:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/liberia\/sites\/37\/2022\/07\/postQueueImg_11-62d94cc1721be.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1331\" \/>\n\t<meta property=\"og:image:height\" content=\"1406\" \/>\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=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/liberia\/all-news\/adb-group-board-approves-us-1-billion-for-emergency-food-production#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/liberia\/all-news\/adb-group-board-approves-us-1-billion-for-emergency-food-production\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/liberia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"ADB Group Board approves US$ 1 billion for emergency food production\",\"datePublished\":\"2022-07-21T12:44:39+00:00\",\"dateModified\":\"2022-07-21T12:55:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/liberia\/all-news\/adb-group-board-approves-us-1-billion-for-emergency-food-production\"},\"wordCount\":496,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/liberia\/all-news\/adb-group-board-approves-us-1-billion-for-emergency-food-production#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/liberia\/sites\/37\/2022\/07\/postQueueImg_11-62d94cc1721be.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Liberia\",\"Liberia\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/liberia\/all-news\/adb-group-board-approves-us-1-billion-for-emergency-food-production#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/liberia\/all-news\/adb-group-board-approves-us-1-billion-for-emergency-food-production\",\"url\":\"https:\/\/www.africa-press.net\/liberia\/all-news\/adb-group-board-approves-us-1-billion-for-emergency-food-production\",\"name\":\"ADB Group Board approves US$ 1 billion for emergency food production - 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