Agence Ecofin TikTok Agence Ecofin Youtube Agence WhatsApp

Public Management

Chad secures US$105 mln to deal with its food security

Tuesday, 18 October 2022 17:39
Chad secures US$105 mln to deal with its food security

(Ecofin Agency) - In June 2022, Chad declared a food emergency due to the continued deterioration of the nutritional situation in the country. According to the World Bank, nearly one million Chadians are food insecure.

Chad will receive US$105 million in financial support from the World Bank for social programs. The support was announced by Chadian authorities in a release issued on Monday, October 17. 

The agreement, which was signed by the Chadian Minister of Economy Moussa Batraki, is part of the World Bank’s West Africa Food Systems Resilience Program (FSRP-2). It aims to improve the effectiveness of food crisis prevention in the Central African country, while “strengthening the adaptive capacity of the productive base in a context marked by climate change.”

According to the authorities, the FSRP-2 will reach at least 600,000 direct beneficiaries, “including small producers, agricultural processors, micro as well as small and medium-sized agricultural enterprises, of which at least 30% of the beneficiaries will be young people, and 40% women.” In addition, this amount will be added to the funding of the Agricultural Productivity and Climate Resilience Project (PROPAD) currently underway in the country.

On June 9, 2022, the World Bank published an article indicating that “an estimate” of 970,000 Chadians are food insecure. "Drop in production, high commodity prices, and disruption of supply chains, have increased an already critical state of vulnerability and needs of the population. Food products are becoming scarce in local markets," the institution explained. A few days earlier, Chadian authorities had declared a “food emergency.”  

Additional Info

  • communiques: Non
  • couleur: N/A
 
Finance


 
Mining


 
Telecom


Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

Benjamin FLAUX
bf@agenceecofin.com 
Téls: +41 22 301 96 11 
Mob: +41 78 699 13 72
Média kit : Download

EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

Please publish modules in offcanvas position.