AGFUND’s Board approves financing 14 developing projects – Saudi Gazette

AGFUND’s Board approves financing 14 developing projects – Saudi Gazette

RIYADH — The Board of Directors of the Arab Gulf Program for Development (AGFUND) held its semi-annual meeting this afternoon chaired by Prince Abdulaziz Bin Talal, president of AGFUND, to discuss and approve development projects, in addition to reviewing AGFUND’s achievements during the year 2022.

The Board has approved 14 projects in the field of food security, early childhood, climate change, women's empowerment, the health sector (vaccines and training for health personnel), and financial inclusion.

These projects are implemented in cooperation with a number of institutions, including: the League of Arab States, the United Nations Children's Fund (UNICEF), the Arab Coordination Group, the Supreme Council for Motherhood and Childhood in the UAE, the Ministry of Social Development in Oman, Al-Amal Microfinance Bank in Yemen and the Global Executive Leadership Initiative (GELI). In addition to capacity building projects for AGFUND’s sister organizations.

The Board was briefed on AGFUND's achievements during the year 2022, which focused on supporting food security through smallholder farmers agricultural insurance project for weather risks, which aims to provide high-quality seeds, linking with supply chains, and accessing financial services, including electronic transfers.

Currently, AGFUND is expanding this initiative by establishing Farmers Hub in Arab and African countries.

On the other hand, a project