Togo: New IFAD support for the Togolese agricultural sector to the tune of USD 2.4 million for the ProsMAT project
The Togolese agricultural sector has received a significant financial boost with a new $2.4 million grant from the International Fund for Agricultural Development (IFAD).
This funding, equivalent to approximately 1.5 billion FCFA, is allocated to support the implementation of the Agroecological Vegetable Farming Promotion Project in Togo (ProsMAT).
The financing agreement was signed in Lomé late last week.
The agreement was formalized by Kabore Jean Pascal, IFAD Country Director, and Ayéfoumi Olou-Adara, President of the Board of Directors of the Togolese Coordination of Farmers’ Organizations and Agricultural Producers (CTOP).
This official signing represents a crucial step towards the sustainable development of Togo’s agricultural sector.
The partnership between IFAD and CTOP highlights the importance of strong collaborations for rural development.
The support from IFAD is essential for achieving sustainable development goals and improving the livelihoods of Togolese farmers.
The $2.4 million funding from IFAD for the ProsMAT project marks a significant advancement for Togolese agriculture.
By promoting agroecological vegetable farming, the project aims to enhance farmers’ resilience to environmental and economic challenges.
The signing of this agreement in Lomé signals the beginning of a promising collaboration that aims to foster a more sustainable and prosperous agricultural future in Togo.
Chantal TAWELESSI
