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IFAD pledges 25 mln USD to boost small scale producers in Mozambique

Xinhua, February 1, 2017 Adjust font size:

The International Fund for Agriculture Development (IFAD) pledged Tuesday to disburse 25 million U.S. dollars in 2017 to Mozambique, to be used in boosting food production in the country, particularly among small scale producers.

IFAD president Kanayo Nwanze is visiting Mozambique since Monday. "IFAD is engaged to the development of the country's agriculture, particularly aquaculture, to boost the value chain in the corridors of Maputo and Limpopo," said Nwanze to an audience granted by Mozambique Prime Minister Carlos Agostinho de Rosario on Tuesday.

The fund aims to increase the capacity of small scale producers for better production technologies, markets with capacity to generate profits, access to adequate and sustainable finance services in the rural areas.

"The prime minister appreciated the 12 projects that our institution is implementing in Mozambique and he believes that it is possible to end poverty in the country because the government is also committed to find solutions to that end," said Nwanze.

Nwanze added that the ongoing agriculture projects in Mozambique are aligned with that from his institution and during his visit to Mozambique he will be holding contact with small scale producers.

IFAD initiatives in Mozambique are benefiting around 2.1 million families and since it started supporting for the development of agriculture in the country in 1983, the institution has invested 400 million U.S. dollars. Endite