MICROCAPITAL STORY: USD 6.12 Million Loan for International Fund for Agricultural Development’s Rural Finance Project up for Ratification by Government of Gambia

A loan by the International Fund for Agricultural Development (IFAD), a specialized agency of the United Nations focused on the eradication of poverty in developing areas, was tabled before members of Gambia’s National Assembly by Mousa Gibril Bala Gaye, Secretary of State for Finance and Economic Affairs. The USD 6.12 loan is to be utilized for IFAD’s Rural Finance Project, an initiative aimed to strengthen and consolidate existing microfinance institutions in Gambia (For further information the microfinance projects and policies of Gambia, refer to a previous microcapital article.)

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