Angop - Agência de Notícias Angola Press

IFAD pledges USD 200 million for Agriculture and Fisheries

Thu, 06 Dec 2018 19:06 - Politics

Luanda - The chairperson of the International Fund for Agricultural Development (IFAD), Gilbert Fossoun Houngbo, Thursday in Luanda announced USD 200 million funding for the sectors of fisheries and agriculture.

  • President OF RepUblic, João Lourenço (right) receives chairperson of IFAD, Gilbert Fossoun Houngbo
  • Presidente da República, João Lourenço (à dir.) com antigo senador do Japão, Tetsuro Yano

This was at the end of an audience granted by the President of the Republic, João Lourenço.

However, IFAD intends to contribute to the implementation of the Government's program to combat poverty and the development of rural areas through Agriculture, Fisheries and Livestock.

Gilbert Fossoun Houngbo is in Angola to evaluate the degree of implementation of the sector-financed programs of the fund.

The organization that was created on November 30, 1977 develops projects in the country valued at 250 million dollars.

Among the projects, the support for the Development of Family Agriculture (SAMAP) is underway in the provinces of Cuanza Sul and Huíla, with a financing of US $ 38.8 million, benefiting 60,000 family farmers.

Of this amount, US $ 28.8 million is financed by the IFAD, US $ 8.2 million by the Angolan Government and US $ 1.1 million in beneficiary participation.