World Video | Defence | Foreign Affairs | Natural Events | Trade | NZ in World News | NZ National News Video | NZ Regional News | Search


UN Fund Supports Microfinance In Pakistan

UN agriculture development fund supports microfinance in Pakistan

The United Nations International Fund for Agricultural Development (IFAD) has announced that it will provide a $35 million loan to a new $46 million programme making microfinance services available to about 160,000 new clients - at least half of them women.

"It is a pivotal time for microfinance in Pakistan," says Nigel Brett, IFAD's country programme manager for Pakistan. "Future growth in this sector will depend partly on microfinance institutions and commercial banks forging successful financing partnerships. This programme will work to build such partnerships."

The IFAD-supported programme will work with small farmers, livestock owners, traders and microentrepreneurs; women and households headed solely by women; and vulnerable rural households living below the poverty line.

In another development, IFAD announced an over $14 million project to boost the market value of Bolivia's millions of llamas, alpacas and undomesticated vicuñas in products like meat, hides and wool-based handicrafts, as well as eco-tourism. The agency will contribute a loan of $7.2 million for the initiative.

"The project will give poor rural people better access to financial services and provide them with technical assistance, knowledge and information, so that they can start small businesses," said Roberto Haudry de Soucy, IFAD's country programme manager for Bolivia.

Bolivia is the poorest country in South America. Although GDP per capita grew during the 1990s, it was insufficient to reduce poverty, inequality and social exclusion, IFAD said. Poverty in rural areas is almost double the rate it is in capital cities, and extreme poverty is nearly triple.


More: Latest World News | Top World News | World Digest | Archives

© Scoop Media

World Headlines


Save The Children: World Leaders Urged To Halt Escalating Hunger Crisis

A group of 120 non-governmental organisations has joined forces in an open letter calling on world leaders to do more to halt a devastating global hunger crisis as new analysis shows the number of people likely to be in need of humanitarian aid in 2022 could rise by 17%...More>>

WMO: Another La Niña Impacts Temperatures And Precipitation – But Not Climate Change
La Niña has developed for the second consecutive year and is expected to last into early 2022, influencing temperatures and precipitation. Despite the cooling influence of this naturally occurring climate phenomenon, temperatures in many parts of the world are expected to be above average because of the accumulated heat trapped in the atmosphere...

UN: Violations Of Palestinian Rights Puts Two-State Solution At Risk, Chief Warns
The situation in the Occupied Palestinian Territory, including East Jerusalem, continues to pose a significant challenge to international peace and security, United Nations Secretary-General, António Guterres, said on Monday... More>>

World Food Programme: Millions More In Need Of Food Assistance As A Direct Result Of Conflict In Northern Ethiopia

The number of people in need of humanitarian food assistance across northern Ethiopia has grown to an estimated 9.4 million as a direct result of ongoing conflict, the United Nations World Food Programme (WFP) announced today... More>>

Food: Three Billion People Cannot Afford A Healthy Diet

Approximately three billion people, almost 40 per cent of the world’s population, cannot afford a healthy diet and another one billion people would join their ranks should further unpredictable events reduce incomes by one-third, the UN food agency said, launching a new report on Tuesday... More>>

COP26: Enough Of ‘Treating Nature Like A Toilet’ – Guterres Brings Stark Call For Climate Action To Glasgow
As the World Leaders Summit opened on day two of COP26, UN chief António Guterres sent a stark message to the international community. “We are digging our own graves”, he said, referring to the addiction to fossil fuels which threatens to push humanity and the planet, to the brink, through unsustainable global heating... More>>

  • Pacific.Scoop
  • Cafe Pacific
  • PMC