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Ifad increases funding for Aspire programme

Sum Manet / Khmer Times Share:
The Aspire programme seeks to help smallholder farmers. KT/Chor Sokunthea

The International Fund for Agriculture Development (Ifad) pledged $12.2 million in loans and grants to expand the Agriculture Services Programme for Innovation, Resilience and Extension (Aspire) for the year 2019.

The government will also provide an extra $2.5 million for the expansion, bringing the additional funds to a total of nearly $15 million.

Aspire is a programme that seeks to improve the livelihoods of vulnerable smallholder farmers.

“Ifad will provide loan and grant aid to the Ministry of Agriculture and the ministry will implement the project,” said Meng Sakphouseth, programme officer at Ifad.

“The project seeks to guarantee that farmers have a market and that they can sell their products at a decent price,” he added.

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