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FAO - News Article: Historic opportunities for global action to eradicate poverty, end hunger and reduce inequalities

Director-General provides the FAO Council with updates on delivery and proposals for the way forward 26 April 2021, Rome - Addressing the 166 th Session of the FAO Council today, Director-General QU Dongyu highlighted the ways the Food and Agriculture Organization of the United Nations (FAO) has been providing constant support to Members, including to overcome the challenges posed by the COVID-19 pandemic. Each of the decisions, activities and results shared with Council today are not an isolated exercise, but part of an interlinked chain of progress, he said. Alluding to the COVID-19 pandemic, the Director-General noted that we are witnessing the scale of the long-term effects on agri-food systems, food security and nutrition situations around the world, pointing to adverse trends such as increasing food prices, the suspension of school meals in many parts of the world, restrictions on selling food in public urban places, jobs at risk in the processing and distribution sec

IMF Approves $2 3 Billion Three-Year Funding Plan for Kenya

IMF Approves $2.3 Billion Three-Year Funding Plan for Kenya Bloomberg 1 day ago Eric Ombok © Bloomberg A passenger on a bus wears a protective face mask in Nairobi, Kenya, on Thursday, April 23, 2020. Kenya s economic growth could slow to as low as 1% this year as effects of the coronavirus pandemic take a toll on businesses and revenue, according to the National Treasury Secretary Ukur Yatani. (Bloomberg) The International Monetary Fund approved a $2.34 billion financing package for Kenya to support the country’s Covid-19 response and address an urgent need to reduce debt vulnerabilities. Approval of the so-called Extended Credit Facility and Extended Fund Facility will enable immediate disbursement of about $307.5 million for budget support in the East African nation, the Washington-based lender said Saturday in an emailed statement.

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