IFAD Approves $88 Million for Smallholder Farmer Adaptation
16 December 2013: As part of the Adaptation for Smallholder Agriculture Programme (ASAP), the International Fund for Agricultural Development (IFAD) endorsed an agricultural investment programme for concessional loans and grant financing for smallholder farmers to manage climate risks.
The new $88 million set of ASAP projects will benefit communities in Bolivia, Djibouti, Kyrgyzstan, Mali, Nicaragua, Nigeria, Rwanda, Viet Nam and Yemen.
ASAP works to empower community-based organizations to use climate risk management skills, information and technologies. Its programmes focus on blending 'no regrets' approaches to rural development with climate change adaptation innovations. [ASAP Website] [IFAD Press Release]