285,600 Mauritanian farmers will benefit from the International Fund for Agricultural Development (IFAD) agreement that was signed on 12 January
The agreement for the Inclusive Value Chain Development Project (PRODEFI) was signed in Rome by Michel Mordasini, Vice-President of IFAD and Mariem Aouffa, Ambassador of Mauritania to Italy and Permanent Representative to Rome-based United Nations agencies.
The total cost of the project is US$45.2mn of which IFAD is providing a US$21mn grant including US$6mn grant from the Adaptation for Smallholder Agriculture Programme (ASAP) Trust Fund. It is co-financed by the national private sector (US$2mn), the Government of Mauritania (US$5mn) and by the beneficiaries themselves (US$2.2mn). The remaining US$15mn will be covered by other financing sources or by the next IFAD financing cycle for Mauritania (2019-2021).
“PRODEFI will build upon and replicate IFAD’s experience in Mauritania and elsewhere in the sub-region by adopting a poverty reduction approach based on supporting inclusive production, transformation and marketing systems,” said Philippe Rémy, IFAD Country Programme Manager for Mauritania. “In addition, it will reduce the country’s dependence on food imports, create jobs and increase the incomes of rural households, especially women and youth,” he added.