Maputo, Mozambique, 28 May – The International Fund for Agricultural Development (IFAD) is set to donated US$45 million to Mozambique to fund projects in the areas of agriculture and artisanal fishing over the next two years, from 2010 to 2012.
For that purpose the government and IFAD signed an agreement last Tuesday via which Mozambique will benefit from aid for its plans to increase agricultural productivity in the centre and north of the country, as well as cooperation in the professionalization of artisanal fishermen in those areas of the country.
According to Salim Valá, the permanent secretary of the Ministry for Planning and Development (MPD), in the agricultural sector alone some 3.6 million families will benefit in the provinces of Sofala, Cabo Delgado, Zambézia and Niassa.
Valá said that the move by IFAD was the culmination of the good performance the country had always had in managing funds paid out by the institution, over the 28 years it had been present in the country.
IFAd, as well as funding agriculture and artisanal fishing, also supports access to rural credit.
The agreement was signed during the closing ceremony of the National Seminar for Evaluation of the International Fund for Agricultural Development in Mozambique, which took place in Maputo. (macauhub)