This project aims to reduce poverty by 30 per cent by 2030
The International Fund for Agricultural Development (IFAD), a specialised agency of the United Nations, and the Kingdom of Morocco have signed a $25.5 million deal in Rome to finance the first phase of a rural development programme in Morocco’s mountain zones of Sefrou and Azilal.
The total cost of the project is $50 million, of which a major chunk will be provided by IFAD and $13.5 million, by the Moroccan government.
This project aims to build the resilience of communities residing in mountainous areas and develop value chains based on sustainable natural resource use and diversification of the local economy. It will also help the communities adapt to climate change while improving the general wellbeing of the rural poor. An estimated 30,000 households are expected to directly benefit from this project.
The mountain zones of Morocco offer multiple opportunities for agricultural and non-agricultural rural development, with a substantial potential for exports.
IFAD has, in the past, invested $194.6 million in 13 programmes and projects in Morocco.
We are a voice to you; you have been a support to us. Together we build journalism that is independent, credible and fearless. You can further help us by making a donation. This will mean a lot for our ability to bring you news, perspectives and analysis from the ground so that we can make change together.
Comments are moderated and will be published only after the site moderator’s approval. Please use a genuine email ID and provide your name. Selected comments may also be used in the ‘Letters’ section of the Down To Earth print edition.