OPEC Fund loans $20M to Malawi for irrigation project to boost food security and reduce poverty.

The OPEC Fund for International Development has provided a $20 million loan to Malawi for Phase II of the Shire Valley Transformation Program. This $285 million project aims to improve food security and reduce poverty for about 130,000 people in southern Malawi by constructing irrigation canals for 17,500 hectares of farmland, reducing reliance on rainfall. Other lenders include the World Bank and the African Development Bank.

3 months ago
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