IFAD seeks to strengthen its economic support to Somalia

[Deeq A.]

As Somalia continues to experience a historic drought, pushing millions of Somalians into acute food insecurity the International Fund for Agricultural Development (IFAD), announced today (14 Feb) that it will substantially strengthen its support to Somalia and resume its direct investments after loan arrears resulted in a three-decade-long suspension. Speaking during IFAD’s 46th session of the Governing Council, president Alvaro Lario said, “this comes at a critical time when Somalia is facing critical challenges to its food security.

Source: Hiiraan Online