World Bank, FAO fund Zimbabwe agric with US$ 21.4 million

Zimbabwe said Friday it had received US$ 21.4 million in combined agricultural funding from the World Bank and the Food and Agricultural Organisation (FAO).

In a statement, the government said the funding was intended to cover cropping this year and finance the procurement of farming inputs, including fertilizers and seeds.

The World Bank, which has suspended economic aid to the country over policy differences with the government, will provide US$ 10 million and FAO US$

11.4 million.

It said much of the funding would be targeted at rural farmers, most of whom had been left struggling in the country’s deep-seated economic crisis.

Zimbabwe has been facing food shortages for years now because of droughts and poor farming policies and is this year importing hundreds of thousands of tonnes of cereals to avert starvation.

South Africa has also announced a R300 million farming package for Zimbabwe in the form of agricultural inputs.

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