US$ 85M IFAD loan to scale up pastoral community development in Ethiopia

Source : Google Map
Source : Google Map

Source: Africa Science News
By Emile Tadesse

The International Fund for Agricultural Development (IFAD) will provide a loan of US$85 million to the Federal Democratic of Ethiopia to finance a third phase of the Pastoral Community Development Project. The Government of Ethiopia and the World Bank, will co-finance the $218.2 million project.

Gessese Mulugeta Alemseged, Ambassador, Permanent Representative of the Federal Democratic Republic of Ethiopia to IFAD and Kanayo F. Nwanze, President of IFAD, signed the loan agreement today.

Pastoralism relates both to an economic livelihood system that is based primarily on extensive livestock production and to the unique characteristics of communities that live in the arid and semi-arid lowlands of Ethiopia.Read more …

Leave a Reply

Your email address will not be published.