Kanayo F. Nwanze, President of the International Fund for Agricultural Development (IFAD), has said that increased investment in agriculture is essential to achieving the 8 Millennium Development Goals (MDGs) set by the United Nations (UN) in 2000. The MDGs were set as quantitative benchmarks to tackle extreme poverty with a deadline of 2015.
Mr Nwanze has highlighted agriculture as the main means of economic growth in rural communities. At the Joint Annual Meeting of the African Union Conference of Ministers of Economy and Finance and the UN Economic Commission for Africa Conference of African Ministers of Finance, Planning and Economic Development he will urge African ministers to put agriculture at the top of their agendas.
Smallholder farmers make up 80% of all farms in sub-Saharan Africa and contribute up to 90% of production in some African countries. They are less able to cope with the impact of climate change than farmers in more developed countries.
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