IFAD Executive Board Approves USD 98.85 Million for Six Development Projects

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IFAD Executive Board Approves USD 98.85 Million for Six Development Projects

Press release number: IFAD 23/02

Rome, 23 April 2001 –The 75th Executive Board of the International Fund for Agricultural Development (IFAD) met at the Headquarters in Rome, and approved loans for 6 development projects for a total worth of USD 113.61 million. The projects approved are for Cameroon, Eritrea, India, Laos, Haiti and Egypt. The Executive Board also approved seven Technical Assistance Grants.

Country: Cameroon
Project: Community Development Support Project
Total Project Cost: USD 18.29 million
IFAD Loan: USD 11.76 million

Project beneficiaries for this seven-year IFAD initiated project are the most vulnerable groups of women, youth and the disabled in the communities of the Extreme North and Central Provinces of Cameroon. The Community Development Support Project aims to promote sustainable socio-economic development of the poorest rural populations by raising their incomes and enhancing food security by providing financial assistance for building social infrastructure and creating local sources of microfinance.

Country: Eritrea
Project: Gash Barka Livestock and Agricultural Development Project
Total Project Cost: USD 16.14 million
IFAD Loan: USD 13.5 million

The objective for this development project is to reduce poverty among the targeted population through locally determined investments in livestock and crop production and improved social services. A wide range of development options will be provided from which communities can choose from and contribute to with their resouces and experience. The target population of the project’s livestock, crop-production and water-supply activities comprises about 64 000 people in the Gash Barka region, while the entire rural population will benefit from improved public health services.

Country: India
Project: Orissa Tribal Empowerment and Livelihoods Programme
Total Project Cost: USD 91.2 million
IFAD Loan: USD 20 million

This programme will cover 30 blocks in eight districts of western Orissa, one of the poorest and most deprived regions of India. Of these, the programme will directly benefit about 75 000 households. The main aim of this IFAD initiated programme is to ensure sustainable improvements in the food security and livelihoods of poor tribal households by promoting a more efficient, equitable, self-managed and sustainable exploitation of natural resources.

Country: Lao
Project: Oudomxai Community Initiatives Support Project
Total Project Cost: USD 21.14 million
IFAD Loan: USD 13.41 million

Project beneficiaries will include about 29 000 households in the province of Oudomxai, the second poorest province in the country. Most targeted households belong to ethnic groups living in the midland and upland areas and women are an important part of the target group due to the major role they play in on-and off-farm activities. The overall goal is sustained reduction in poverty and improvement of the economic and social conditions of the targeted population with specific objectives including increased income, food security, natural resource management and improved living standards of the target population.

Country: Haiti
Project: Productive Initiatives Support Programme in Rural Areas
Total Project Cost: USD 28.1 million
IFAD LOAN: USD 21.7 million

This ten-year IFAD initiated programme will benefit about 80 communes and another 600 communities that include small farmers, the landless, and women and youth. The progamme will contribute to poverty reduction through diversifying and increasing incomes, and improving food security. Participation of the most vulnerable groups of the rural poor in local development planning and management is the raison d’etre of the programme.

Country: Egypt
Project: West Noubaria Rural Development Project
Total Project Cost: USD 54.75 million
IFAD Loan: USD 18.48 million

The project has two target groups, the primary group comprising displaced farmers from oldlands and new settlers and the secondary group comprising unemployed youth. In this seven-year IFAD initiated project, it will seek to improve housing and social amenities and ensure that desert farming technologies are demonstrated. In both project areas, there will be the adoption of better on-farm water-management practices and the development of small and medium enterprises will be encouraged.

IFAD is a specialised agency of the United Nations with the specific mandate of combating hunger and poverty in the most disadvantaged regions of the world. Since 1978 IFAD has financed 603 projects in 115 recipient countries and in the West Bank and Gaza for a total commitment of approximately USD 7.3 billion in loans and grants. Through these projects, about 250 million rural people have had a chance to move out of poverty. IFAD makes the greater part of its resources available available to low-income countries on very favourable terms, with up to 40 years for repayment and including a grace period of up to ten years and a service charge of 0.75% per year.