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Tuesday 22 June 2021
HomeAfricaNigeria: WB grants US$19m facility to FARA

Nigeria: WB grants US$19m facility to FARA

The World Bank has granted an additional US$19 million to the Accra-based Forum for Agriculture Research in Africa (FARA) to extend its Multi-Donor Trust Fund (MDTF) grant agreement for a further five years, the local media reported Friday.

The report said the extension paved the way for the World Bank to accept new contributions to FARA’s MDTF.

“It was designed as an instrument of support and very much associated with CAADP, the Comprehensive Africa Agriculture Development Programme, as a form of support from outside of Africa for bringing the agricultural transformation to the continent,” Lead Agricultural Services Specialist at the World Bank David Nielson was quoted as saying during the pact signing in Washington, DC .

He said the MDTF for FARA was established about five years ago as a means of budget support to help the apex Africa Research organisation execute some of its programmes.

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