Biotech Updates

European Commission, IFAD to Increase Investment in Agric

March 16, 2007

As a means of eradicating rural poverty in developing countries, the European Commission (EC) and the International Fund for Agricultural Development (IFAD) pledged an increased investment in agriculture. The outcome of the meetings between the President of IFAD and senior officials of the EC will serve as a common platform from which the two organizations can identify and develop joint programs and investment in the sector of agriculture, rural development and food security that have the highest impact on rural poverty reduction. Proposed areas of focus will include rural finance and remittances, natural resource management including land degradation and desertification, livestock management, pro-poor market access, and agricultural research.

The complete press release is available at http://www.ifad.org/media/press/2007/20.htm.