Off the wire
• Foreign exchange rate of Euro to other currencies  • Gold down on stronger U.S. data  • Oil prices tick down on stronger U.S. dollar  • Egypt denies detention of Italy's Regeni as "false news"  • Finnish post office offer lawn mawing service after delivery decline  • Germany's benchmark DAX index rises  • Tehran slams U.S. court ruling to award Iran money to bomb victims  • Researchers discover new genetic risk factors for short-sightedness  • Chinese scientists discover how brain knows it's turning  • S. African gov't denies intervention in banks' dispute with investment company  
You are here: 　 Home

IFAD opens office in Rabat to fight poverty in Morocco

Xinhua, April 22, 2016 Adjust font size:

The International Fund for Agricultural Development (IFAD) on Thursday opened its new office in Rabat to fight poverty in Morocco.

"The opening of an IFAD office in Morocco is part of the Fund's policy to decentralize and strengthen partnerships at the country level," IFAD Assistant Vice President, Perin Saint Ange, said in a speech.

"With this office, we are convinced that the already strong ties with the government of Morocco, civil society and donors will be further reinforced," he said.

The opening of this office "reflects a long-term commitment of IFAD with the Government of Morocco" within the framework of partnership in the fight against rural poverty, he said.

IFAD has funded 13 projects in Morocco since 1979 with a total amounting to 222 million U.S. dollars. Morocco has also benefited over the past decade from over 21 million dollars in IFAD regional and country grants.

These investments have benefited more than 750,000 households living in very difficult conditions, particularly in mountainous areas.

The target groups of the projects supported by IFAD in these areas include smallholder farmers and landless, small-scale livestock farmers, rural women and unemployed youth. Endit