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The International Fund for Agricultural Development (IFAD) and Bank Al-Maghrib, Morocco’s central bank, have renewed their partnership to help improve food security and support rural communities around the world.
The International Fund for Agricultural Development (IFAD) and Bank Al-Maghrib, Morocco’s central bank, have renewed their partnership to help improve food security and support rural communities around the world.
Brown added that Morocco stands out for the scale of its engagement and “visionary leadership” in rural development, climate resilience, and agricultural transformation.
Since 1979, IFAD and Morocco have invested more than $1.7 billion in 16 projects across the country, reaching over 700,000 rural households. The current projects, worth $250 million, are aligned with Morocco’s “Génération Green 2020–2030” strategy and focus on supporting women and young people in mountain regions, said IFAD in a statement.
These initiatives are needed more than ever, as IFAD notes that 3 billion people live in rural areas in developing countries worldwide. Many of them are small-scale farmers who produce one-third of the world’s food, yet still face poverty and hunger. Around 730 million people today suffer from hunger, nearly 1 in every 11 people. IFAD believes that investing in rural areas is key to achieving the Sustainable Development Goals, especially SDG 1 (No Poverty) and SDG 2 (Zero Hunger).
Source: Morocco word news
