Government should show commitment in clearing about $40 million in arrears owed to the United Nations International Fund for Agricultural Development (IFAD) in order to receive funding from the institution.
IFAD Regional Director East and Southern Africa Division Mr Sana Jatta yesterday told journalists that Zimbabwe had shown commitment towards re-engagement and should work towards clearing its arrears in order to receive fresh funding.
“When I took over my job in April this year my objective was to re-engage with Zimbabwe considering the potential that the country has in terms of resources and infrastructure.
“I am pleased by the commitment being shown by the Government on re-engagement and this shows that they mean business,” said Mr Jatta.
IFAD is a specialised agency of the United Nations which was established as an international financial institution in 1977. The financial institution, has since its inception, focused exclusively on rural poverty reduction, working with poor rural populations in developing countries to eliminate poverty, hunger and malnutrition; raise their productivity and incomes; and improve the quality of their lives.
Source: ghanaweb
