Gambia gets US$26.6 million AfDB grant for agriculture

Dakar, Senegal (PANA) – The Gambian government and the African Development Bank (AfDB) Group on Tuesday concluded a protocol agreement in Morocco for a US$26.6 million grant towards the food and agriculture sector development project in the West African nation.

A statement from the bank, obtained by PANA here, indicated that the project was an initiative funded by the Global Agriculture and Food Security Programme (GAFSP).

The statement also pointed out that during the agreement signing ceremony, Gambia's Finance and Economic Affairs Minister, Abdou Kolley, reiterated his government’s gratitude for the bank’s development activities in the country, especially AfDB's efforts towards reducing poverty and making the private sector one of the country’s ''engines of growth''.

“With a focus on rural household, the funds will contribute to the achievement of Gambia’s key development objectives of reducing poverty by improving food security, increasing and diversifying food production, as well as raising the income of rural producers,” the minister said.

The AfDB Vice-President, Aly Abou-Sabaa, described the project as a milestone in the collaboration between the Gambian government and the AfDB.

He said through the project, Gambia and the AfDB would assist vulnerable groups living in poverty and confronted by climate change.

“The bank is happy to support this project focused on improving food security, diversifying income opportunities, and improving individual livelihoods in your country,” the AfDB Vice-President reportedly told the Gambian Finance Minister.

Abou-Sabaa was also said to have highlighted his bank’s agriculture strategy which focused on support and development of agro-industry as a platform to ensure food security, create jobs, increase incomes, diversify the product consumption base in AfDB's regional member countries.
-0- PANA MLJ/VAO 29May2013

29 may 2013 14:03:24




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