Tuesday, January 10, 2012

UN Helps Rural Farmers Climb Out of Poverty

In an effort to alleviate poverty among farmers in Liberia, the UN International Fund for Agriculture Development (IFAD) has agreed to loan $24.9 million. The Liberian government will utilize the funding for the "tree crop revitalization support project". By improving cocoa and coffee production, this program will effect more than 15,000 smallholder cocoa and coffee famers in the region.

The funds will mainly be distributed in Northern Liberia, where most of the cocoa and coffee farmers live. By reviving 50% of the existing plantations, this program will increase the income of cocoa and coffee producers. IFAD has already invested up to $38.3million throughout five different Liberia targeted programs. It is because of UN aid given towards alleviating poverty in Liberia, that 30,000 households have benefitted.

-Akshika Patel
                                                                                                                    SOURCE: UN News Centre