In a bid to mitigate Malawi’s challenges in food productivity and food security, Green Climate Fund has approved a grant of USD 52.3 million which is approximately K91 billion.
Minister of Finance Simplex Chithyola Banda has hailed the project with FAO.
“Climate shocks continue to be a major threat to production in the country thereby reducing production and the grant is timely,” he said.
The project, which will be championed by Food and Agriculture Organisation (FAO), will target 11 vulnerable districts in the country in a bid to address increased temperatures and erratic rainfall.
The Green Climate Fund is a fund for climate finance that was established within the United Nations Framework Convention on Climate Change.
Its mandate is to assist developing countries to adapt to climate change and mitigation activities.
The grant is expected to benefit over 575 households that were affected by climate change.
The project proposes to sustainably manage watershed ecosystems using the ecosystem-based adaptation (EBA) approach combined with integrated landscape management.
The project will improve livelihoods and food security by stabilizing productivity and incomes through resilient food systems.
Over six years, the project will improve the management of 267,500 hectares of land.
The project also aims at supporting Malawi’s National Climate Change Fund (NCCF) and strengthening local trusts, leveraging private sector experience on carbon credits through local partnerships.
