Poor In Algeria Will Benefit From Development Fund
Poor In Algeria And Chad Will Benefit From UN Agricultural Development Funds
New York, Jul 13 2005
Poor farmers in remote areas of Chad and Algeria will benefit from loans provided by the United Nations, the UN agricultural development agency said today.
More than 190,000 people in remote mountain communities in the Traras and Sebaa Chioukh mountains in the northern Tlemcen Province of Algeria will take part in a new $40 million rural development project financed by the International Fund for Agricultural Development (IFAD) and the Government of Algeria.
IFAD said it will provide a loan of about $11.8 million for the seven-year project to rehabilitate small-scale irrigation infrastructure and improve livestock production.
During the 1990s, many area farmers lost their assets and equipment when the deteriorating security situation forced much of the population to flee rural areas, worsening the poverty in these mountains zones, it said. The farmers are now returning and reclaiming their property.
In the Batha region of Chad, a $15 million poverty reduction project will receive a $12.8 million IFAD loan and a $400,000 IFAD grant to establish institutions to distribute seeds, tools and fertilizers and to extend credit. The farmers will also be trained in basic business principles and financial literacy, IFAD said.