IFAD Launches $500m Fund to Channel Climate Finance to Smallholders

Source: Devex

The International Fund for Agricultural Development is launching a new climate adaptation fund that the organization expects to be the largest of its kind specifically targeting smallholder farmers.

The Adaptation for Smallholder Agriculture Program, known as ASAP+, aims to mobilize $500 million to reach more than 10 million people with climate adaptation activities. It is an enhanced version of a program that began in 2012 and is being formally launched by IFAD President Gilbert Houngbo on Monday at the Climate Adaptation Summit.