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IFAD president urges co-financing and accountability to boost Africa’s rural livelihoods
Summary
At an SDG Media Zone fireside chat during the UN General Assembly, IFAD’s president said investing in the ‘first mile’ of rural communities, mobilizing private co-financing and measuring impact are key to raising incomes and creating jobs for millions across Africa.
Monica Ndungu, a journalist with Nation Media Group, hosted a fireside chat at the SDG Media Zone during the United Nations General Assembly in which Alvaro, president of the International Fund for Agricultural Development (IFAD), outlined how the agency is working to turn rural agriculture into sustainable businesses and raise incomes across Africa.
Alvaro said about “80% of poverty is concentrated in rural areas,” and described IFAD’s focus on the “first mile” — investing in remote areas to create income opportunities through value addition, logistics, storage and certification rather than only primary production. “We bring finance from governments, from other multilateral financial institutions,” he said, “and we create actual opportunities of raising their income and opportunities to just, be able to stay where they are and lead a decent…
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