Search
  1. Home
  2. East Africa
  3. Ethiopia

ADF funding for rural project

[Ethiopia] Farmers in Amhara Regional state, Ethiopia. IRIN/Anthony Mitchell
Farmers in Amhara Regional State, Ethiopia
    ADDIS ABABA

    The African Development Fund (ADF) has given Ethiopia nearly US $50 million to enable impoverished rural farmers to boost their incomes.

    In a statement, it said the funding - in the shape of a loan and grants - aimed to tackle the widespread and deeply engrained poverty in rural parts of the country.

    Ethiopia has one of the largest and most impoverished rural populations in Africa. Some 85 percent of the 67 million people eek out a hand to mouth existence in the countryside.

    “The sector goal of the project is to assist in reducing poverty and improving the conditions of rural households,” the statement said.

    The funding, which also aims to boost government plans to open up credit to farmers, will focus on enhancing the institutional skills of the authorities to offer financial support.

    The total project, worth in the region of US $112 million, will be run by the Development Bank of Ethiopia.

    This article was produced by IRIN News while it was part of the United Nations Office for the Coordination of Humanitarian Affairs. Please send queries on copyright or liability to the UN. For more information: https://shop.un.org/rights-permissions

    Share this article

    Our ability to deliver compelling, field-based reporting on humanitarian crises rests on a few key principles: deep expertise, an unwavering commitment to amplifying affected voices, and a belief in the power of independent journalism to drive real change.

    We need your help to sustain and expand our work. Your donation will support our unique approach to journalism, helping fund everything from field-based investigations to the innovative storytelling that ensures marginalised voices are heard.

    Please consider joining our membership programme. Together, we can continue to make a meaningful impact on how the world responds to crises.

    Become a member of The New Humanitarian

    Support our journalism and become more involved in our community. Help us deliver informative, accessible, independent journalism that you can trust and provides accountability to the millions of people affected by crises worldwide.

    Join