IFAD Reviews ProMIFA Progress in Togo

Agriculture
Wednesday, 26 March 2025 16:30
IFAD Reviews ProMIFA Progress in Togo

(Togo First) - An International Fund for Agricultural Development (IFAD) delegation visited Lomé from March 17 to 21. They came to assess advancements on the ProMIFA, Project to the Incentive Mechanism for Agricultural Financing based on Risk Sharing (ProMIFA). The visit addressed recommendations from the July 2024 supervision mission.

Xavier Desmoulins led the delegation, discussing the project's recovery and improvement plan with Togolese authorities. Discussions highlighted obstacles and produced recommendations for better efficiency. The mission reviewed ProMIFA's 2025 Annual Work Plan and Budget. 

Launched in February 2020, the ProMIFA helps smallholders and agricultural enterprises access financial services. It aims to help them grow and enter markets. IFAD supports the project, using a risk-sharing approach to boost agricultural financing. This approach is considered key for growth and poverty reduction in Togo.

Esaïe Edoh

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