New Network Aims to Help Bridge Multi-billion-dollar Financing Gap in…

Kanayo F. Nwanze, President of IFAD

“It is not just more finance that is needed, but smarter and more targeted finance,” said Nwanze.

The establishment of a new network to help bridge the estimated US$150 billion financing gap that prevents small rural producers and businesses in developing countries from growing their operations and strengthening rural economies, was announced today.

The announcement, made by Kanayo F. Nwanze, President of the International Fund for Agricultural Development (IFAD) and Enrico Morando, Italy’s Deputy Minister of Economy and Finance, came at the end of a three-day international conference in Rome focused on finding…

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