March 03, 2015

03/03/2015: Chad receives IFAD agricultural grant against climate change

The Government of the Republic of Chad and the United Nations International Fund for Agricultural Development (IFAD) on the 17th February signed an accord on the financing of the Project for the Increased Resilience of Agricultural Systems in Chad (PARSAT in the original French).

PARSAT, which will consolidate the acquisitions of previous investments by IFAD in target areas in the country, will contribute to the long-lasting improvement of food and income security for rural dwellers in the Guéra region and the Fitri and Dababa departments, respectively in the Batha and Hadjer-Lamis regions. It will likewise improve the resilience of agricultural systems and home economics in the face of climate change and external impacts.
 
http://www.ifad.org/media/press/2015/11.htm

The PARSAT treaty particularly concerns the catchment and management of water, with ten thousand hectares to rehabilitate or allocate a use to, the intensification of production systems for dry cereals (millet and sorghum), and complementary cultures such as peanuts, sesame, black-eyed peas, legumes and small-scale livestock-farming.

PARSAT will likewise permit the opening up of many zones of production and the improvement of crop storage facilities; it will also promote revenue-generating activities such as the drying, preservation and processing of crops.

The financial accord was signed at IFAD's headquarters in Rome, by Rosine Baïwong Djibergui Amane, the Republic of Chad's Minister for Agriculture and the Environment, and Michel Mordasini, Vice-President of IFAD.

Costing a total of US$36.2 million, including a US$17.2 million IFAD grant and a further grant of US$5 million from the Trust Fund for the Smallholders' Agriculture Adaptation Program, the project is also co-financed by the Least Developed Countries Fund and the World Environmental Fund to a total of 7.3 million dollars, and by the Government of Chad in the region of 6.1 million dollars, added to which is a contribution of 0.6 million dollars by the beneficiaries  themselves. An estimated 35,000 households, or about 175,000 producers - of whom 40 percent are women and 30 percent children - will benefit from PARSAT.

Since 1992, IFAD has financed eight projects and programmes in Chad amounting to more than 163.5 million US dollars, of which 113.5 million are from its own resources, and directly benefiting 148,350 Chadian households.

IFAD invests in rural populations, increasing their autonomy in order to reduce poverty, increase food security, improve nutrition and strengthen resilience. Since 1978, we have granted over16.3 billion US dollars in the form of low-interest loans and grants towards projects affecting 438 million people. IFAD is an international financial institution and a specialist U.N. organisation based in Rome - the UN's nutritional and agricultural nerve-centre.

Read the article (in French) HERE.

 

The Global Miller
This blog is maintained by The Global Miller staff and is supported by the magazine GFMT
which is published by Perendale Publishers Limited.


For additional daily news from milling around the world: global-milling.com

No comments:

Post a Comment