FAO and IDB Sign USD 1 Billion Agreement
November 20, 2009| |
The UN Food and Agriculture Organization (FAO) and the Islamic Development Bank (IDB) announced that they have signed a USD 1 billion agreement to finance agriculture development projects in 26 least-developed IDB member countries. The agreement, inked earlier this week by Ahmad Mohamed Ali, President of IDB, and FAO Director-General Jacques Diouf, is expected to help leverage additional resources and bring total investment in the IDB-FAO program to USD 5 billion by 2012.
FAO said in a press release that the deal "comes at a critical moment, when the international community recognizes it has neglected agriculture for many years." The UN agency also said that the two institutions share the same vision and strategy and will continue working together in improving rural infrastructure, promoting local economic development and enhancing food security while strengthening and revitalizing their cooperation.
For more information, read http://www.fao.org/news/story/en/item/37341/icode/
| |
Biotech Updates is a weekly newsletter of ISAAA, a not-for-profit organization. It is distributed for free to over 22,000 subscribers worldwide to inform them about the key developments in biosciences, especially in biotechnology. Your support will help us in our mission to feed the world with knowledge. You can help by donating as little as $10.
-
See more articles:
-
News from Around the World
- Scientists Map Maize Genome
- FAO Concludes World Food Summit
- IRRI Aims to Sequence the Genomes of All Different Types of Rice
- FAO and IDB Sign USD 1 Billion Agreement
- Bayer Crop Science and CIMMYT Team up to Improve Cereal Productivity
- IFPRI Selects New Director General
- Danforth Center Receives USD 2.5 Million to Develop Disease-Resistant Cassava Plants
- Brazil Approves Two New GM Corn Traits
- Invasive Nettle Moth Triggers Hawaii Research
- Fungi may Hold Key to Reducing Grapefruit Juice Interactions with Medications
- USDA Grants for Specialty Crop Research and Extension
- Controlling the Development of Glyphosate-Resistant Weeds Development
- Malaysia Acquires Molecular Technology to Boost Rice Yield
- BioMalaysia 2009 Takes Off
- India Cannot Oppose GM, Agric Minister Says
- Media Workshop on GMO in Beijing
- EFSA on Bayer's LLRice62 Safety
- AGREENIUM Launched in Europe
- Resistance Management Under Fire
-
Research Highlights
- Effects of Fertilization Type on Abundance of Crop Pests Cannot be Oversimplified
- Plant Stem Cells Commit Suicide To Prevent Genetic Damage
-
Announcements
- IFPRI Book Millions Fed: Proven Successes in Agricultural Development
- Conference on Environmental, Industrial, and Applied Microbiology
-
Resources
- PG Economics Released Impact Publications of Biotech Crops
-
Read the latest: - Biotech Updates (April 17, 2024)
- Gene Editing Supplement (April 10, 2024)
- Gene Drive Supplement (February 22, 2023)
-
Subscribe to BU: - Share
- Tweet