NAIROBI, Kenya- Kenya has secured a significant financial boost in its ongoing battle against climate change, food insecurity, and income inequality.
The International Fund for Agricultural Development (IFAD) has committed Kshs. 16.3 billion (approximately US$126.6 million) to support key initiatives under the Integrated Natural Resources Management Programme (INReMP).
This program, currently under negotiation, aims to tackle some of the country’s most pressing challenges, particularly for vulnerable populations, including women, youth, and people with disabilities.
The funding is a critical component of a larger, Kshs. 32.2 billion (approximately US$250 million) initiative, with the remaining funds expected to be sourced from the Kenyan government and other development partners.
This collaborative effort underscores the importance of partnership in driving sustainable development, especially in regions where the impact of climate change is most acutely felt.
Leading the Kenyan delegation in the negotiations are Agriculture Principal Secretary Dr. Kipronoh Ronoh and Treasury Principal Secretary Dr. Chris Kiptoo.
They are working closely with the IFAD team, led by Mariatu Kamara, the Country Director for Kenya. The discussions focus on finalizing the terms of the program and ensuring it aligns with Kenya’s broader development goals.
“Together, we are committed to alleviating poverty and improving the lives of Kenyans, especially in rural areas where the impact of such programs is most needed,” Dr. Ronoh emphasized, highlighting the program’s potential to transform livelihoods across the nation.
INReMP is designed to address multiple challenges, with a particular focus on the environmental and socio-economic factors that contribute to poverty and inequality.
The program will implement strategies that not only mitigate the effects of climate change but also promote food security and economic resilience among Kenya’s most vulnerable populations.
The funding from IFAD is particularly notable for its concessional nature, providing Kenya with much-needed financial flexibility to implement long-term solutions.
This concessional financing is expected to play a crucial role in supporting Kenya’s ambitious development agenda, which includes achieving food security and reducing income inequality.
Dr. Ronoh noted the value of IFAD’s support, stating, “The concessional financing provided by IFAD is instrumental in advancing our mission to create sustainable, long-term improvements in the lives of Kenyans.”
The successful implementation of INReMP could serve as a model for future collaborations between Kenya and international development partners.
With a clear focus on sustainability and inclusivity, the program is poised to make a significant impact on the lives of millions of Kenyans.
