Exciting news for Iraq as the International Fund for Agricultural Development (IFAD) has recently signed a groundbreaking agreement with the Iraqi government to finance the country’s first post-war agricultural investment initiative. This marks a new chapter for IFAD’s work in Iraq, expanding beyond just funding agricultural research to now supporting agricultural programs directly.
With a total investment of $16.23 million, including grants from the Adaptation for Smallholder Agriculture Program (ASAP) and the Adaptation Fund, IFAD aims to boost smallholder farmers’ income and production while enhancing their resilience to climate change. The initiative will focus on upgrading irrigation infrastructure, improving nutrition and food security, and reducing poverty by increasing farm and off-farm revenues.
Through providing access to technology, financial services, and profitable markets, IFAD’s project is expected to drive productivity and profitability for small-scale crop and livestock producers in four Iraqi governorates. This investment not only supports the agricultural sector but also lays the foundation for a more sustainable and prosperous future for Iraqi farmers. Exciting times ahead for Iraq’s agricultural sector!
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