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IFAD, IDB ink $1.5bln co-financing deal

Posted on 16 February 2010

From Arabnews.com: The International Fund for Agricultural Development (IFAD) and the Islamic Development Bank Group (IDB) signed a $1.5 billion framework co-financing agreement that will strengthen their 30-year collaboration in supporting the world’s poorest people in member countries.

The agreement, which was signed during a meeting between IDB President Ahmad Mohamed Ali and Kanayo F. Nwanze, president of IFAD, comes at a critical moment when the international community has recognized that agricultural development is fundamental to feeding the world’s population………………………………….Full Article: Source

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