The government of Gambia and The African Development Bank Group (AfDB) has signed a USD 26.6 million protocol agreement to enhance the agricultural production and food security in the country.
Upon doing so, Gambia’s Finance and Economic Affairs Minister Abdou Kolley reiterated his country’s gratitude for the Bank’s development actions in the country, specifically its efforts to reduce poverty and make the private sector one of the country’s engines of growth.
He said, “With a focus on rural households, these funds will contribute to the achievement of The Gambia’s key development objectives of reducing poverty by improving food security, increasing and diversifying food production, as well as raising the income of rural producers’’.
The project symbolises a milestone in the collaboration between the Government and the AfDB, said the African Development Bank Vice President, Sector Operations, Aly Abou-Sabaa. Furthermore, he stressed that, through this project, Gambia and AfDB will assist vulnerable groups living in poverty and confronted by climate change.
Abou-Sabaa also highlighted the Bank’s agriculture strategy, which focuses on the support and development of agro-industry as a platform to ensure food increase incomes, food security, create jobs, diversify the product consumption base in Regional Member Countries.
The project is an initiative funded by the Global Agriculture and Food Security Program (GAFSP) to reduce rural household poverty.
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