The International Fund for Agricultural Development (IFAD) signed an agreement with Iraq to finance the first "post-war" agricultural investment project to revive and revitalize smallholders in four southern provinces.
"The partnership agreement with Iraq was made during a visit by a senior Iraqi delegation to Rome last week on a project targeting 20,000 rural families in the provinces of Maysan, Dhi Qar, Qadisiyah and Muthanna in the southern provinces," the IMF said in a statement.
"The rationale for the project stems from the Fund's commitment to helping fragile states, including Iraq, and drawing on the Fund's considerable expertise in areas where the Government of Iraq needs assistance such as agriculture and rural development," the statement said.
"Investing in agricultural growth is not only important for the growth of national income, but also vital to the development of employment, food, nutrition and poverty reduction in Iraq," he said. "The project will be an example of the strong and efficient cooperation that characterizes the renewed partnership between IFAD and the Iraqi government. Reconstruction efforts after years of conflict ".
The new project, implemented by Iraq's ministries of agriculture, water resources and the environment, will enhance resilience to climate change and improve the productivity and profitability of small-scale crop and livestock producers by providing access to finance, technologies and lucrative markets.
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