July 27, 2022
DG calls for increased investment on cotton projects, welcomes Afreximbank pledge
At a Partners Conference on cotton on 27 July, Director-General Ngozi Okonjo-Iweala urged donor agencies to mobilise resources in support of cotton projects in least-developed countries (LDCs), including the Cotton-4 countries (Benin, Burkina Faso, Chad and Mali). At a “Call for Action” signing ceremony later in the day, she welcomed a pledge from the African Export and Import Bank (Afreximbank) to provide up to USD 300,000 as grant-matching funds to support the preparation of cotton value chain development projects in African countries from 2023 to 2024.
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