- Economic Development Project for the Southern Regions (PADES)
Economic Development Project for the Southern Regions (PADES)
|Financing Type||Public Sector|
|Executing Agency||Ministry of Agriculture, Forestry and Livestock (MAFL)|
|Co-financiers||Government, IFAD, Beneficiaries|
|OPEC Fund Contribution (US$m)||6.00|
|Total Project Cost (US$m)||19.00|
To help alleviate poverty and enhance food security by rehabilitating over 22,000 hectares of mangrove rice production fields, strengthening the capacity of producers’ and users’ associations and modernizing 33km of rural roads to open up agricultural production areas and provide links to markets. Around 31,000 farmers stand to benefit from the project, of which 40 percent comprise women and youth.