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INDONESIA TO RECEIVE IFAD FUNDS FOR DEVELOPMENT 205 words NEW YORK, Dec 8 Asia Pulse - Indonesia will get a slice of US$312.5 million in assistance and US$6.4 million in grants from the International Fund for Agricultural Development (IFAD), a statement said here Tuesday. IFAD will allocate US$33.8 million of the assistance and US$500,000 of the grant for Indonesia, which will use the funds for its US$37.7 million rural and remote area development program, the statement said. The funds, it said, should go to small-scale business development in Indonesia's rural areas and road development projects in remote areas. Other countries which will receive the fund are Algeria, Argentina, Armenia, Bangladesh, Brazil, Burkina Faso, Ecuador, Ethiopia, Guatemala, Jordan, Lesotho, Nepal, Sudan, Tanzania, Vietnam and Zambia, it said. The total assistance allocated for the Asia Pacific is US$88.4 million, including funds for poverty eradication in 841 villages in Vietnam and a small-scale business development project in Bangladesh. The total assistance allocated for East Africa and South Africa is US$76.1 million, which should be used in agricultural improvement in Tanzania, rural economic development in Zambia and agricultural product marketing in Ethiopia, it said. (ANTARA) |