Kenya to Receive US $33 Million Loan From IFAD and Eur 12.8 Million Loan From Spanish Trust Fund

ROME, Italy – “The International Fund for Agricultural Development (IFAD) will provide a loan of US $33 million to the Republic of Kenya to finance the Upper Tana Catchment Natural Resource Management Project. An additional loan amount of EUR 12.8 million from the Spanish Food Security Cofinancing Facility Trust Fund will also be provided to fund the same project.

This new project will help smallholder farmers in the area to reduce rural poverty through sustainable management of their natural resource base…

In Kenya, poverty and environmental degradation are inter-linked. Poor water management, soil erosion, declining soil fertility and land degradation are compounded by the impact of climate change, which has led to a decline in agricultural yields over past decades… “

Read the full IFAD press release from allAfrica.com.

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