IFAD Vice President to visit Algeria to meet government officials
Rome, 4 April 2016 – The Vice President of the International Fund for Agricultural Development (IFAD), Michel Mordasini, will visit the People’s Democratic Republic of Algeria 5 – 7 April to meet with government officials. The discussion will focus on partnership for agricultural development, food and water security and rural poverty alleviation.
To support Algeria’s efforts to establish a centre of excellence in South-South cooperation for agricultural and rural development in the Near East and North Africa region, IFAD recently approved a US$1.5 million regional grant to be implemented by the National Institute of Agricultural Research of Algeria.
During his stay, Mordasini will meet with the Minister of Agriculture, Rural Development and Fisheries, Sid Ahmed Ferroukhi, as well as other officials from the Ministry of Foreign Affairs and International Cooperation.
Algeria is a founding member of IFAD and also a member of the Organization of the Petroleum Exporting Countries (OPEC) self-graduated from a borrowing to a donor country. It has always been a strong supporter of the success of IFAD, and has pledged a substantive contribution to the 10th replenishment of IFAD’s resources.
While in the country, Mordasini will have a working session with the officials of the National Institute of Agricultural Research of Algeria. He will also visit the Rural Development Integrated Project in Wilaya de Ain Defla to see first-hand the country’s achievements in agricultural and rural development.
From 1987 to 2006, IFAD and the Government of Algeria cofinanced six projects and programmes in the country with a total cost of about $164.5 million, including $77.4 million IFAD loans. These programmes directly benefited over 35,000 rural households.
Note to editors:
- In March 2006, the Government of Algeria indicated that while the three ongoing projects financed by IFAD will continue to be supported through the national budget, it had decided to cancel the unused balance of the loans financing them, as it was doing with all other donors and creditors, in an effort to liquidate its external debt.
- IFAD Vice President Michel Mordasini will be available for interviews during the visit.
Press release No.: IFAD/16/2016
IFAD invests in rural people, empowering them to reduce poverty, increase food security, improve nutrition and strengthen resilience. Since 1978, we have provided US$17.6 billion in grants and low-interest loans to projects that have reached about 459 million people. IFAD is an international financial institution and a specialized United Nations agency based in Rome – the UN’s food and agriculture hub.