BAGHDAD / The International Fund for Agricultural Development (IFAD) signed an agreement with Iraq to finance the first post-war agricultural investment project to revive and activating of small farmers in four southern provinces.
"The partnership agreement with Iraq was made during a visit by a senior Iraqi delegation to Rome last week on a project targeting 20,000 rural families in the provinces of Maysan, Dhi Qar and Qadissiya," the IMF said in a statement.
"The terms of the agreement stipulate the Fund's commitment to assist fragile states, including Iraq, and based on the considerable expertise of the Fund in areas where the Government of Iraq needs assistance such as agriculture and rural development," he said.
"Investing in agricultural growth is not only important for the growth of national income, but also vital to the development of employment, food, nutrition and poverty reduction in Iraq," he said, adding that the project will be an example of the strong and efficient cooperation that characterizes the renewed partnership between IFAD and the Iraqi government, and will support reconstruction efforts after years of conflict. "
"The new project being implemented by Iraq's Ministries of Agriculture, Water Resources and the Environment will enhance resilience to climate change and improve the productivity and profitability of small-scale crop and livestock producers by providing access to finance, technologies and markets," he said.
Source: National Iraqi News Agency