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Gambia will receive a grant of US$20.28 million from the International Fund for Agricultural Development (IFAD) to use for improving livelihoods of smallholder farmers. Particular attention will be paid to rural women and youths in the country. Minister for Finance and Economic Affairs Abdou Kolley and president of IFAD Kanayo F. Nwanze signed the financing agreement for the National Agriculture Land and Water Management Development Project. Agriculture is a sector of significant importance in Gambia since it employs more than 72% of the population and contribuets about 30% to the gross domestic product.