http://www.aps.sn/aps.php?page=articles&id_article=95989
The post describes an agreement signed between USAID, the African Cashew Alliance, and the West African Development Bank. This was a memorandum of understandin loan of more than 6 billion CFA francs to help the process of cashew production in West Africa. The amount will fund operators and processors of cashews through USAID and the ACA. It includes technical assistance and insurance, as well as installation. By signing this memorandum of understanding, each party has committed itself to work for promoting the cashew industry.
By funding, sustaining, and promoting the cashew industry, the parties involved will help increase the output of cashews, increasing supply of cashews in the region. This could lower the price of cashews and increase the quantity of demand. In theory, this is what would happen. However, this increase in funding would more likely stabilize an already somewhat volatile cashew market.
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