AGFUND Board Approves Funding for Several Projects to Support Development Initiatives and Promote Innovation

The Board of Directors of the Arab Gulf Programme for Development (AGFUND) held its meeting on Monday at its headquarters in Riyadh, chaired by Prince Abdulaziz bin Talal bin Abdulaziz.

 During the meeting, the board reviewed AGFUND's activities and achievements for 2024 and discussed the proposed projects. They commended AGFUND's participation in the 16th Conference of the Parties to the United Nations Convention to Combat Desertification (COP16).

 The board acknowledged AGFUND's announcement of the Global Flagship Initiative for Food Security, which will support the stability and sustainability of small farmers and mitigate the impacts of drought, desertification, and climate change on agriculture.

 The board expressed appreciation for the Arab Coordination Group's initiative to allocate $10 billion to combat drought, desertification, and climate change impacts. They also highlighted AGFUND's efforts at the 2023 Prince Talal International Prize for Human Development ceremony, which honored winners in the "Life on Land" category for their contributions to environmental sustainability.

 The meeting concluded with the approval of funding for 12 development projects that meet AGFUND's standards. These projects target several key areas, most notably early childhood development, enhancing services and promoting inclusion for people with disabilities, empowering women, preserving the marine environment, and supporting small farmers under the global food security initiative.