New IFAD-supported project to increase employment and incomes of poor and vulnerable people in Ecuador
IFAD Asset Request Portlet
New IFAD-supported project to increase employment and incomes of poor and vulnerable people in Ecuador05 September 2017
Project focused on socio-organizational strengthening and generation of marketing strategies for the Waorani community's traditional crafts in the province of Pestaza. "Waorani Women's Association of the Ecuadorian Amazon"
Rome, 5 September 2017 – Increasing incomes and creating employment opportunities in some of Ecuador’s poorest rural communities is the focus of a project being financed under a new agreement between the International Fund for Agriculture Development (IFAD) and the Republic of Ecuador. The project will reach approximately 20,000 rural families living in the provinces of Guayas and Los Rios in the coastal region, Azuay in the central highlands, as well as Morona Santiago and Zamora Chinchipe in the Amazon.
The financial agreement for the Proyecto de Fortalecimiento de los Actores Rurales de la Economía Popular y Solidaria (FAREPS) was signed in Rome by Michel Mordasini, Vice-President of IFAD, and Juan Fernando Holguín Flores, Permanent Representative of the Republic of Ecuador to the United Nations Agencies in Rome.
The total cost of the project is US$35.6 million, of which IFAD is providing $19.9 million, including a $4 million grant from its Adaptation for Smallholder Agriculture Programme (ASAP). Other contributors include the Government of Ecuador ($12 million) and the beneficiaries themselves ($3.7 million).
The project supports the government’s long-term development strategy and will work hand-in-hand with participating organizations, associations, cooperatives, communes and communities.
"IFAD is committed to supporting the Government of Ecuador in its efforts to tackle rural poverty," said Caroline Bidault, IFAD’s Country Programme Manager in Ecuador. "FAREPS will promote a modern business model based on trust and cooperation in a competitive environment among smallholder farmers."
Among other things, the project will provide training to participating organizations and cooperatives, helping them identify specific actions that will be financed to improve the resilience of beneficiaries and help them adapt to a changing climate.
Since 1978, IFAD has invested a total of $130 million in 10 programmes and projects related to agricultural development in Ecuador, benefiting more than 271,767 households.
Salvador Santiesteban Merlos
IFAD Communications Division
Tel: +39 06 54592736
Cell: +39 335 530 0128
Press release No.: IFAD/ 48/2017
IFAD invests in rural people, empowering them to reduce poverty, increase food security, improve nutrition and strengthen resilience. Since 1978, we have provided about US$18.5 billion in grants and low-interest loans to projects that have reached some 464 million people. IFAD is an international financial institution and a specialized United Nations agency based in Rome – the UN’s food and agriculture hub.