FAO Investment Centre

FAO and IDB in $1 billion agreement


On the eve of the World Summit on Food Security, FAO and the Islamic Development Bank (IDB) announced a $1 billion agreement to fund agricultural development in poor countries that belong to both organizations.

It is hoped that the framework agreement, concluded today in Rome by Dr Ahmad Mohamed Ali, President of IDB, and FAO Director-General Jacques Diouf, will help leverage additional resources and bring total investment in the IDB-FAO programme to $5.0 billion by 2012.

More information at : http://www.fao.org/news/story/en/item/37341/icode/