“Argentina has set an ambitious goal of reducing rural poverty through income generation based on sustainable agricultural production,” said Claus Reiner, IFAD’s Country Programme Manager for Argentina.
April 21, 2017
The International Fund for Agricultural Development (IFAD) and the Government of Argentina signed a financial agreement today to transform the lives of 40,000 people who rely on goat breeding as their main source of livelihood.
During the next six years, the Goat Value Chain Development Programme (PRODECCA) will support smallholder goat breeders to increase their incomes through sustainable integration into emerging value chains, including meat, milk products and fibre, especially mohair and cashmere.
The total cost of the project is US$25.45 million of which IFAD is providing a $12.30 million loan and a $1.02 million grant. Other co-financiers are: the Government of Argentina ($7 million), the provincial governments ($2.97 million) and the beneficiaries themselves ($2.16 million).
The agreement was signed today on the sidelines of the World Bank/IMF Spring meetings in Washington, D.C., by Gilbert F. Houngbo, President of IFAD, and Luis Andrés Caputo, Minister for Finance of Argentina.
“Argentina has set an ambitious goal of reducing rural poverty through income generation based on sustainable agricultural production,” said Claus Reiner, IFAD’s Country Programme Manager for Argentina. “IFAD aims to contribute to this effort by promoting the integration of poor family farmers into emerging and sustainable value chains, and we welcome the Government’s choice of targeting goat producers, who are generally poor,” he added.
Argentina is one of the largest economies in Latin America and one of the world’s major producers of agricultural commodities,…