International Agricultural Development Fund provides aid to Angola

16 November 2006

Luanda, Angola, 16 Nov – The agricultural and farming sector in Angola is to benefit from financing of US$40 million for a project coordinated by the United Nations Fund for Food and Agriculture, Angolan newspaper, Jornal de Angola reported.

According to the paper, the financing will come from the International Fund for Agricultural Development and the World Bank and will be channelled in to the provinces of Huambo, Bié and Malanje.

The Food and Agriculture Fund is already coordinating two projects in the West African country, an irrigation project in the Bom Jesus area and a agro-farming and rural infrastructure rehabilitation project in the town of Caála, Huambo, financed by the African Development Bank, budgeted at US$42 million.

Agronomist Francisco Chimuco, who is part of the investment division of the Food and Agriculture Fund, estimated that the project could move ahead at the end of next year.

According to Chimuco, the World Bank, the International Fund for Agricultural Development and the Food and Agriculture Fund have made themselves available to help Angola, as they are aware it is a country that is having signs of growth.

The International Agricultural Development Fund is a United Nations agency, which was set up in 1977 in response to famine in the Sahel, a region of African located between the Sahara desert and more fertile lands to the South. (macauhub)