[Relief Web] European Investment Bank confirms EUR 500 million loan to IFAD to invest in global food security

[Relief Web] he European Investment Bank (EIB) and the UN’s International Fund for Agricultural Development (IFAD) have signed their first financial agreement today. The EIB will lend IFAD EUR 500 million in support of IFAD’s programme of targeted loans that aim to improve food security and reduce poverty in rural areas. The new EIB financing will strengthen IFAD’s urgent response to assist small-scale farmers to adapt to climate change and cope with the current global food, fertiliser, and fuel crisis.