EU, IFAD and ASEAN launch 16 million euro programme to support smallholder farmers
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EU, IFAD and ASEAN launch 16 million euro programme to support smallholder farmers21 September 2015
Makati City, Philippines 21 September 2015 – A new development programme designed to improve the income and food security of 10 million small-scale farmers and rural producers was launched earlier this month at the 37th meeting of the ASEAN Ministers of Agriculture and Forestry (AMAF) in Makati City.
Supported by the European Union (EU) in partnership with the International Fund for Agricultural Development (IFAD) and the Association of Southeast Asian Nations (ASEAN), the 16 million euro ASEAN Farmers' Organizations Support Programme (AFOSP) will assist farmers' organizations to more effectively influence agriculture and food security policy on a national, regional and global level.
"Approximately 80 per cent of agriculture investments are made by smallholders who provide 80 per cent of the world's food supply. These farmers deserve support from governments and international finance institutions," said Hoonae Kim, Director, Asia and the Pacific, IFAD.
Some 40 national organizations and 300 local associations will benefit from AFOSP investments in agriculture services, training centres and marketing facilitation.
IFAD currently invests in rural development in eight ASEAN member countries including Cambodia, Indonesia, Laos, Myanmar, Philippines and Viet Nam.
As of the end of 2014, IFAD was providing more than US$1.8 billion in financing for 56 ongoing programmes and projects in 20 of the region's 34 countries. With cofinancing by development partners and funds from governments and other domestic sources, these operations represent a total investment of more than $4.2 billion.
Press release No.: IFAD/64/2015
IFAD invests in rural people, empowering them to reduce poverty, increase food security, improve nutrition and strengthen resilience. Since 1978, we have provided nearly US$16.6 billion in grants and low-interest loans to projects that have reached about 445 million people. IFAD is an international financial institution and a specialized United Nations agency based in Rome – the UN's food and agriculture hub.