Economic Transformation Initiative - Gilgit-Baltistan (ETI-GB)

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Economic Transformation Initiative - Gilgit Baltistan

The objective of the initiative is to increase agricultural incomes and employment for at least 100,000 rural households in the Gilgit-Baltistan region, where over 90 per cent of the population is engaged in agriculture.

The initiative will focus on:

  • Increasing agricultural production, and introducing high-value cash crops and linking farmers to local markets  
  • Developing and improving infrastructure including irrigation schemes and rural roads
  • Organizing smallholder farmers into producers' groups and formulating value chain development 

In Pakistan, poverty in remote rural areas is largely due to small per capita landholdings (0.6 – 0.8 acres), poor access to markets, lack of access to credit, inputs and support services, limited off-farm employment opportunities, and policy and institutional constraints.

The initiative will directly support the Government's second poverty reduction strategy paper (2010), which highlights the need for an increased investment in agriculture and rural development.

Status: Ongoing
Country
Pakistan
Approval Date
22 April 2015
Duration
2015 - 2022
Sector
Irrigation
Total Project Cost
US$ 120.15 million
IFAD Financing
US$ 67 million
Co-financiers (Domestic)
National Government US$ 23.63 million
Beneficiaries US$ 6.54 million
Financing Gap
US$ 22.98 million
Financing terms
Highly Concessional
Project ID
2000000836
Project Contact
Hubert Boirard

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