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Peruvian Economy and Finance Minister Oscar Graham, is set to occupy the chairmanship at the Governing Council of the International Fund for Agricultural Development (IFAD).
Oscar Graham, Peruvian Economic and Finance Minister, became the chair of the Governing Council of the IFAD, a UN agency in charge of providing resources to improve agricultural productivity.
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Graham led the 45th session of the IFAD Governing Council held in Rome via videoconference. The Ministry (MEF) disclosed that he would be in the post for about two years.
The IFAD agency of the United Nations has the primary objective to provide funds for programs seeking to promote the economic progress of poor and extremely poor inhabitants of rural areas, thus improving agricultural productivity.
Graham indicated that "Peru has been a founding member since 1977 and has received loans, between 2004 and 2020, for an amount of US$111.8 million to finance six projects aimed at development in areas of poverty and extreme poverty."
El ministro de Economía y Finanzas, Oscar Graham, asumió la presidencia del Consejo de Gobernadores del Fondo Internacional de Desarrollo Agrícola (FIDA), agencia de las Naciones Unidas que proporciona recursos para mejorar la productividad agrícola.
— Ministerio de Economía y Finanzas (@MEF_Peru) February 16, 2022
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The Minister of Economy and Finance, Oscar Graham, assumed the presidency of the Board of Governors of the International Fund for Agricultural Development (IFAD), a United Nations agency that provides resources to improve agricultural productivity.
The government official disclosed that of these projects, two are underway and four are already completed.
Otherwise, with IFAD's support, Peru plans a new intervention charged to the new financing to be effective in 2023.
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