$25 million grant aims to boost food security in developing world
July 12, 2012
Professor Michael Carter will direct a $25 million federal program aimed at creating financial systems that can boost agricultural productivity and food security in developing countries.
The five-year project, funded by the U.S. Agency for International Development, will finance research projects that design and test financial technologies, such as linked credit and insurance contracts, that can reduce the vulnerability of poor households to adverse events, making it easier for them to invest in new agricultural technologies and break the cycle of poverty.
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