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February 16th, 2017 / Daily Nation, Kenya

The International Fund for Agricultural Development (IFAD) on Tuesday elected a new president amid increasing demand for rural agricultural development funding in developing countries

The fund, which is a specialised United Nations agency and international financial institution that invests in eradicating rural poverty in developing countries around the world, elected former prime minister of Togo Gilbert Fossoun Houngbo.

His election comes at a time when many developing countries in sub-Saharan Africa, Kenya included, are experiencing food shortage due to climate change effects.

Speaking after the election, Mr Houngbo pledged to ensure more agricultural projects are funded across the world to eradicate poverty.

Mr Houngbo said with growing global demand for food, increased migration to cities and the impact of climate change, investments in agriculture and rural development will be essential to achieve the Sustainable Development Goals of ending poverty and hunger. See more