Minister of International Cooperation Sahar Nasr met a mission group from the International Fund for Agricultural Development (IFAD) headed by Michel Markaz on Wednesday to discuss current and future projects in Egypt.
The IFAD mission confirmed that technical assistance will be provided to Egypt in the field of rural finance to overcome obstacles in this sector.
The mission is financing the Sustainable Agriculture Investment and Livelihoods Project (SAIL) with funds of $70m, in addition to a grant of a $7m to help junior farmer adapt to the problems resulting from climate change and water scarcity.
The mission said it will finance an integrated agriculture development project, the plans for which will begin in the next period. Top of Form
IFAD started its programmes in Egypt in 1980 which have benefitted about 1.154 million rural families by financing 12 projects with investments of $392.7m, at a total cost of $747.5m.