The implementation of Angola’s rural development programme will be financed by US$200 million from the International Fund for Agricultural Development (IFAD), officials announced on Thursday in Luanda.
IFAD President Gilbert Fossoun Houngbo said at the end of a hearing granted by Angolan President João Lourenço that the financing will contribute to the implementation of that programme, which is based on the promotion of agriculture, livestock and fisheries.
Houngbo travelled to Angola to assess the degree of implementation of IFAD-financed programmes, which since its creation on 30 November 1977 have had projects under development worth an estimated US$250 million.
The projects most notably include support to the Development of Family Agriculture, underway in the provinces of Kwanza Sul and Huíla, with financing of US$38.8 million, which benefits 60 thousand family farmers.
Of this amount, US$28.8 million is financed by IFAD, US$8.2 million by the Angolan government and US$1.1 million in beneficiary participation, Angolan news agency Angop reported.
During a meeting with the Minister of Agriculture and Forestry, Marcos Alexandre Nhunga, Houngbo announced US$7.6 million in funding for the Agricultural Recovery Project, which is being implemented in eight municipalities of the provinces of Benguela, Cunene and Huíla.
With more than 35 million hectares available, the agricultural sector has prepared more than 5 million hectares nationwide for the business and family sector for the 2018/2019 agricultural year to produce grains, tubers, fruit, vegetables and oilseeds, with a view to reducing imports. (macauhub)