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2020

Rural Poor Stimulus Facility (RPSF) Egypt

Egypte

Open government data of Swedish aid

Titre : Rural Poor Stimulus Facility (RPSF) Egypt

Pays : Egypt

Date : 2020-2021

Agence : Swedish International Development Cooperation Agency
Implementing organisation : International Fund for Agricultural Development (IFAD)

Présentation
New/additional funds to mitigate the impact of COVID-19

As the COVID-19 pandemic has spread the world, what initially was a health-related crisis has now struck the global economy as a whole. As entire countries have shut down, borders have been closed and global value chains interrupted, the pandemic has gotten negative effects on global food security, which already before the pandemic was threatened by the spread of locusts in Eastern Africa. Without responding to these new risks that face people living in poverty, decades of progress on food security risk being set back.

Through a support of 50 million SEK to International Fund for Agricultural Development’s (IFAD’s) Rural Poor Stimulus Facility (RPSF), Sida is contributing to improving the resilience for the rural poor. The facility serves to contribute to IFAD funded projects in order to ensure that they have the capacity and funds required to adapt their operations to the new situation that COVID-19 poses. The facility can also contribute to national or regional specific projects that have been generated by IFAD’s country teams together with their partners in order to locally respond to the pandemic. IFAD is currently funding more than 200 projects in more than 100 countries, which in total affect 110 million people, many of them the rural poor. When food production and the food market as a result of the pandemic is disrupted because of interrupted value chains, shut-down markets and market volatility, the rural poor risk great income losses, food insecurity and poverty. To avoid that a crisis turns into a catastrophe, Sida is supporting RPSF in order to sustain market function in the service of the rural poor.

Total committed amount : USD 162,872

Openaid.se

Page publiée le 28 juillet 2021