IFAD to grant Sudan 34 million dollars in 2017
Khartoum, April 26 (SUNA) – The International Fund for Agricultural Development (IFAD) has revealed the total share of Sudan from the grants expected in 2017, which estimated at 34 million dollars including 16 million dollars to be allocated to the microfinance projects. The Ministry of Finance and Economic Planning embarked on the necessary arrangements to attract the said finance.
The Minister of Finance and Economic Planning Badr-Eddin Mahmoud praised, in a meeting with the IFAD Regional Director for the Bloc of the North and East Africa and East Europe Dr. Khalidah Bozar, the IFAD role in supporting the government efforts in combating poverty and its contribution to donating the poor slices in the rural communities the means of production to help them in poverty alleviation, stressing conformity of the projects funded by the government in the fields of natural resources management, agriculture, livestock and drought combating with the IFAD priorities for the poverty mitigation and improvement of livelihood for the citizens of the rural communities.
Meanwhile, Dr. Khalidah Bozar said that her visit to Sudan aimed at getting acquainted with the IFAD-financed projects at 150 million dollars, 140 million dollars of which are grant and 10 million as a loan, stressing the IFAD concern with the strengthening bonds with Sudan to ensure maximization of resource utilization and sustainability of developmental action through funding the rural agricultural development projects and roads.
It is to be recalled that IFAD started its financing activity in Sudan in 1978 through projects in several fields such as Al-Butana Integrated Rural Development, Sudanese Carbon Production and Supporting of Sennar Small producers as well as the Two Resources Management Projects in Western Sudan, Seed Production Improvement at South and North Kordofan States and the Program on Livestock Marketing Development in Al-Butana Area and White Nile, besides the Agricultural Bank Microfinance Project’s Initiative.