NEWS

Georgia - IFAD allocated $20m for agricultural projects

03.03.2015 237 views

International Fund for Agriculture Development (IFAD) opens for Georgia the financial line of $20 million, including grant of $6 million and preferential loan of remained sum.

The respective agreement was signed in Rome headquarters of IFAD by president of IFAD Kanayo Nwanze and Georgia’s Finance Minister Nodar Khaduri and Agriculture Minister Otar Danelia, who are on visit in Italy.

As Danelia said, financing will be used for funding of supporting programs for farmers, implementation of climate-smart agricultural projects, development of irrigation and infrastructure.

Financing is allocated within Agricultural Modernization, Market Access and Resilience project (AMMAR) which the Agriculture Ministry will implement during 2015-2019.

The purpose of a grant, which is allocated through IFAD by Global Environment Facility, is increase of farmers’ skills of adaptation to risks of climate change, the Agriculture Ministry said.

Source - http://www.sarke.com/

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