Togo secures CFA20 billion from IFAD for its MIFA scheme

Thursday, 31 January 2019 11:07
Togo secures CFA20 billion from IFAD for its MIFA scheme

(Togo First) - Last Tuesday, the International Fund for Agricultural Development (IFAD) approved the provision of a CFA20 billion financing to Togo, to support its agricultural financing incentive mechanism (MIFA).

The facility will span six years, starting this year and will in detail provide technical support for the development of agro-pastoral value chains and access to market (38% of the financing), support to develop financial products (45%), and institutional support (17%).

Talks for the facility started at the launch of MIFA and were closed in four months, A record, looking at the IFAD’s procedures.

Founded in 1977, on the sidelines of the international food conference, IFAD is headed since April 2017 by Gilbert Houngbo, former Prime Minister of Togo.

Ayi Renaud Dossavi

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