India has signed an MoU with the National Bank for Agriculture and Rural Development Consultancy Service (NABCONS) for setting up the India-Africa Institute of Agriculture and Rural Development (IAIARD) in Malawi, a landlocked country in southeastern Africa.
Ministry of External Affairs signed with NABCONS for setting up IAIARD, an attempt to complement the efforts of the Government of India to enhance capacity in the areas of agro-financing and entrepreneurship development for African countries.
Source- Business Standard
Static/Current Takeaways Important For LIC AAO Mains Exam:
- Malawi Capital: Lilongwe, Currency: Malawian kwacha.