World Bank approves US$60 million grant for Ghana, others

1 Mins read

The World Bank Board of Directors have approved a $60 million International Development Association (IDA) grant to help Ghana and some other African countries strengthen the resilience of their agricultural sectors to the threat posed by climate change.

The grant fulfils the World Bank’s commitment at the 2019 United Nations Climate Summit to increase its support to the CGIAR, a global partnership that unites international organisations engaged in research about food security, to help advance agricultural research efforts for the benefit of rural households that rely on agriculture as a major livelihood source, and to increase food security.

Through the new operation – “Accelerating the Impact of CGIAR Climate Research for Africa project, AICCRA” — the World Bank will support research and capacity-building activities carried out by the CGIAR centres and partner organisations, with the goal of enhancing access to climate information services and validated climate-smart agriculture technologies in Africa.

By gaining better access to climate advisories linked to information about effective response measures, farmers and livestock keepers will be able to better anticipate climate-related events and take preventative actions that can help to safeguard productive activities and avoid catastrophic losses.

Mobilising science and innovation for the benefit of agricultural development is consistent with the commitments made during the Africa Food Security Leadership Dialogue (AFSLD), a multi-partner initiative formed in 2019 to deal with the problem of hunger and vulnerability to climate change on the African continent.

The new project responds to the AFSLD call for joint action against hunger in the face of climate change, at a time when the COVID-19 pandemic has further increased the vulnerability of millions of households.

AICCRA activities will be concentrated in six countries —Senegal, Ghana, Mali, Ethiopia, Kenya, and Zambia— but its benefits will be realised region-wide.

“Knowledge generation and technology transfer are deserving of IDA regional support because the benefits flow across national boundaries and therefore are unlikely to be supported adequately by individual governments acting alone,” Ms Deborah Wetzel, World Bank Director of Regional Integration for Sub-Saharan Africa, the Middle East, and Northern Africa said in a statement.

“CGIAR plays a unique catalytic role in strengthening global, regional and local capacity to combat the effects of climate change, in Africa and throughout the world,” she added.

AICCRA will be administered by the International Centre for Tropical Agriculture, the lead centre for the CGIAR Programme on Climate Change, Agriculture, and Food Security (CCAFS).

Related posts

Cedi will be fairly stable in 2021

1 Mins read
The Bank of Ghana has given the firm assurance that the Ghana cedi will be fairly stable in 2021. This follows projections…

Court dismisses embattled FDA lawyer’s application against Manasseh Azure

1 Mins read
n Accra High Court, General Jurisdiction 5, this morning threw out an application by lawyers for the embattled FDA lawyer against Manasseh…

Focus on homegrown policies or we’ll return to IMF

1 Mins read
The former Finance Minister Seth Terkper has asked the government to focus on homegrown policies to revive the economy post Covid or…

Leave a Reply

Your email address will not be published. Required fields are marked *