UN-Backed Project to Support Smallholder Agribusiness in Zambia
January 22, 2010| |
The United Nations International Fund for Agricultural Development (IFAD) announced plans to provide a USD20 million loan to a program in the Republic of Zambia that aims to reduce rural poverty by "stimulating rural economic development through the transformation of small-scale producers into profitable farmers."
The project, IFAD said in a press release, will allow farmers to access technology to increase their yields and improve quality of their produce, enhance their capacities for activities such as sorting, grading, drying and storing, make better commercial decisions based on appropriate market information and get higher and more stable prices with farming contracts. The loan agreement was signed early this week in Rome by Lucy Mungoma, Ambassador to Italy for the Republic of Zambia, and Kanayo F. Nwanze, President of IFAD.
For more information, read http://www.ifad.org/media/press/2010/1.htm
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