WORLD BANK APPROVES $265 MILLION TO SCALE UP AGRICULTURE COMMERCIALIZATION AND IMPROVE FOOD RESILIENCE
Chengwe Coop of Kasungu benefited from AGCOM The World Bank has approved $265 million approximately MK274 billion to scale up agriculture commercialization and to improve food resilience in Malawi. According to a press statement released by Washington on 31 May 2023, Malawi is set to establish new six irrigation schemes, support an additional 560 productive alliances that target more than 112,000 households, and work with smallholder farmers to execute productivity-enhancing investments with support of a $250 million grant from the International Development Association (IDA) and a $15 million grant from the Global Agriculture and Food Security Program that was approved by World Bank’s Board of Executive Directors. The statement says that the new financing is part of phase 3 of the regional Food Systems Resilience Program for Eastern and Southern Africa, or FSRP. The regional program has an overall envelope of $2.75 billion and aims to increase the resilience of food systems and