Minister Farouk urges swift activation of Agricultural Solidarity Fund

Alaa Farouk, Minister of Agriculture and Land Reclamation, chaired Tuesday the second meeting of the Agricultural Solidarity Fund’s Board of Directors to finalize the fund’s strategic and operational framework. Discussions focused on internal regulations, organizational structure, and accelerating the fund’s activation to support Egypt’s agricultural sector.

Farouk emphasized the urgent need to operationalize the fund, positioning it as a key tool to protect small-scale farmers from environmental risks, enhance agricultural productivity, and boost rural incomes—cornerstones of Egypt’s national food security strategy.

He stressed that the fund’s strategic vision must align with Egypt’s Sustainable Agricultural Development Strategy 2030. Key goals include improving land and water productivity, ensuring food security for essential crops, increasing the competitiveness of local produce, enhancing the sector’s investment climate, and raising rural living standards to combat poverty.

The minister highlighted the fund’s potential to contribute to sustainable rural development through services such as crop insurance, low-interest financing via the Agricultural Bank of Egypt (ABE) and the Agricultural Development Program, and access to comprehensive agricultural support packages.