27 June 2008
The United Nations International Fund for Agricultural Development (IFAD) is providing $4.2 million to boost a programme tackling rural poverty in the West African island nation of Cape Verde.
The supplementary loan will bring total IFAD funding to US$13.5 million for the programme, which aims to assist poor rural people to integrate into the country's fast-growing economy.
"This model programme is becoming a major national policy instrument to fight poverty in rural areas" said Mohamed Béavogui, Director, West and Central Africa Division of IFAD.
"It will help implement Cape Verde's Growth and Poverty Reduction Strategy and serve as a laboratory to develop effective approaches to community-driven development in other countries in the region."
The goal is to assist about 60,000 poor rural people, particularly women, through improving food security and market access as well as productivity in agriculture, fisheries and livestock.
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