UN Agricultural Agency Sees Middle East Funding Potential

Another international aid and developmental assistance agency is pinning its hopes on the Middle East for funding in the wake of the US and Europe curbing their contributions.

The International Fund for Agricultural Development on Wednesday began a three-year replenishment round, hoping to match its previous record of $1.7 billion, Alvaro Lario, the United Nations agency’s president, said in an interview. The round, which will cover funding from 2028 to 2030, will provide “clarification” as to how much money is available and how much the body will need to rely on co-financing for its projects.