Egypt’s FM urges IFAD to boost funding to support Egypt’s Haya Karima initiative
According to Egypt today, Foreign Minister Sameh Shoukry affirmed on Thursday Egypt’s aspiration for the enhancement of the financial activity of the International Fund for Agricultural Development (IFAD) to support agricultural and rural development projects.
Shoukry made the remarks in a meeting with President of IFAD Alvaro Lario on the sidelines of the former’s official visit to Rome.
This includes Egypt’s Haya Karima initiative, to which the government devotes significant resources to ensure that it is consistent with the government’s priority of promoting and financing agricultural investments in the country, according to Shoukry.
The initiative especially supports small investors and startups and works on empowering youth and back innovative projects, Shoukry added.
The Egyptian initiative aims to improve rural living conditions for more than half of Egypt’s 102 million people, who live in thousands of villages across the country.
The program, which is implemented in cooperation with IFAD, aims at improving living standards of smallholders and poor and vulnerable women and youth in the Egyptian countryside.