World Video | Defence | Foreign Affairs | Natural Events | Trade | NZ in World News | NZ National News Video | NZ Regional News | Search


New Loan To Help Senegal

UN’s Agricultural Development Agency Packages New Loan To Help Senegal

New York, Oct 16 2006 5:00PM

The United Nations agricultural development agency has helped assemble a $47 million aid package to benefit small farmers in Senegal, who are battling erratic rainfall, eroding quality and declining prices of their main products, groundnuts and cotton.

The loan, which includes $20 million in co-financing from the World Bank – and roughly the same amount from the Senegalese government and producers organizations – will be for extending critical agricultural advisory services to all 320 rural councils in the country.

Agriculture is the livelihood for 60 per cent of Senegalese households but three-quarters of the rural people live in poverty, according to a statement from the UN’s International Fund for Agricultural Development (IFAD), which is providing $6 million in a loan.

Another $300,000 from IFAD is a grant to provide services and to strengthen producer organizations, to help small farmers network around the country on local development issues to better defend small holders’ interests.

The loan will also support agricultural research and government ministries responsible for agriculture, to assist police development and coordination, IFAD said.

Since it started operations in 1978, IFAD has provided more than $133 million in loans to Senegal to support 13 projects and programmes.

IFAD is a specialized agency of the United Nations dedicated to eradicating poverty and hunger in rural areas of developing countries.

Through low-interest loans and grants, it develops and finances projects that enable rural poor people to overcome poverty themselves. There are 188 ongoing IFAD-supported rural poverty eradication programmes and projects, totalling $6.3billion. IFAD has invested more than US$2.9 billion in these initiatives, with the rest coming in as co-financing from governments, beneficiaries, multilateral and bilateral donors and other partners.


© Scoop Media

World Headlines


Preliminary Results: MH17 Investigation Report

The Joint Investigation Team (JIT) is convinced of having obtained irrefutable evidence to establish that on 17 July 2014, flight MH-17 was shot down by a BUK missile from the 9M38-series. According to the JIT there is also evidence identifying the launch location that involves an agricultural field near Pervomaiskyi which, at the time, was controlled by pro-Russian fighters. More>>


At The UN: Paris Climate Agreement Moves Closer To Entry Into Force

The Paris Agreement on climate change moved closer toward entering into force in 2016 as 31 more countries joined the agreement today at a special event hosted by United Nations Secretary-General Ban Ki-moon. More>>



Gordon Campbell: On The End Game In Spain (And Other World News)

The coverage of international news seems almost entirely dependent on a random selection of whatever some overseas news agency happens to be carrying overnight... Here are a few interesting international stories that have largely flown beneath the radar this past week. More>>

Amnesty/Human Rights Watch: Appalling Abuse, Neglect Of Refugees On Nauru

Refugees and asylum seekers on Nauru, most of whom have been held there for three years, routinely face neglect by health workers and other service providers who have been hired by the Australian government, as well as frequent unpunished assaults by local Nauruans. More>>


Other Australian Detention

Gordon Campbell: On The Censorship Havoc In South Africa’s State Broadcaster

Demands have included an order to staff that there should be no further negative news about the country’s President Jacob Zuma, and SABC camera operators responsible for choosing camera angles that have allegedly made the President ‘look shorter’ were to be retrained... More>>


Gordon Campbell: On A Bad Week For Malcolm Turnbull, And The Queen

Malcolm Turnbull’s immediate goal – mere survival – is still within his grasp... In every other respect though, this election has been a total disaster for the Liberals. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news