{"id":42880,"date":"2026-11-05T20:21:00","date_gmt":"2026-11-05T16:21:00","guid":{"rendered":"https:\/\/gbc1.net\/?p=42880"},"modified":"2026-11-09T21:44:33","modified_gmt":"2026-11-09T17:44:33","slug":"ifad-announces-70m-financing-package-for-guinea","status":"publish","type":"post","link":"https:\/\/gbc1.net\/index.php\/2026\/11\/05\/ifad-announces-70m-financing-package-for-guinea\/","title":{"rendered":"IFAD Announces $70M Financing Package for Guinea"},"content":{"rendered":"\n

On 4 November 2026, the International Fund for Agricultural Development (IFAD) announced that it intends to provide a financing package worth USD 70 million to Guinea. The announcement followed a meeting of an IFAD delegation led by its West and Central Africa Director, Bernard Hien, with Guinea’s Prime Minister, Amadou Bah, at Palais de la Colombe in Conakry.<\/p>\n\n\n\n

The fresh capital will support the 2nd phase of structural agro-investments desiged to scale up production, streamline local value chains and diversify the economy. Concurrently, IFAC and the Guinean government are finalizing the COSOP 2027-2030, which will embed into Guinea’s long-term National Development Plan, known as #Simandou2040<\/a> Vision.<\/p>\n\n\n

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Working Session Between IFAD and Guinea’s PM<\/figcaption><\/figure><\/div>\n\n\n

IFAC has been collaborating with Guinea for nearly five decades, starting in 1980. Recent programs include the AgriFARM initiative which built infrastructure to enhance farmers accessibility and marketability. Thus, 250 kilometers of rural roads were built to connect farmers to commercial markets. 15 prefectures had their markets upgraded.<\/p>\n\n\n\n

In addition, IFAD took the lead to provide micro-credits to farmers, in partnership with financial entities like Coris Bank and Credit Rural de Guinee. IFAD contributed to derisk the microfinancing to smallholders by providing suitable insurance frameworks that is adapted to the realities on the ground.<\/p>\n\n\n

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\"\"<\/figure><\/div>\n\n\n

Nearly 70% of Guinea’s population still live in rural areas and most of them rely on agricultural to eke a living. Out of 6.2 million hectares of arable land, only 25% is farmed so far. As for irrigation, only 36,400 hectares are served by an irrigation network.<\/p>\n\n\n\n

Established in 1977 following a decision at the World Food Conference in 1974, IFAD focuses on eradicating hunger and poverty in rural areas of developing countries. Unlike other UN humanitarian agencies that provide immediate food aid, IFAD takes a long-term view and aims at rural transformation and empowerment. The financial package is subject to approval at the next IFAD board meeting, which is expected in December 2026.<\/p>\n","protected":false},"excerpt":{"rendered":"

On 4 November 2026, the International Fund for Agricultural Development (IFAD) announced that it intends to provide a financing 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