INDONESIA TO RECEIVE IFAD FUNDS FOR DEVELOPMENT
Asia Pulse
Dec 08, 2004
NEW YORK, Dec 8 Asia Pulse – Indonesia will get a slice of US$312.5
million in assistance and US$6.4 million in grants from the
International Fund for Agricultural Development (IFAD), a statement
said here Tuesday.
IFAD will allocate US$33.8 million of the assistance and US$500,000
of the grant for Indonesia, which will use the funds for its US$37.7
million rural and remote area development program, the statement said.
The funds, it said, should go to small-scale business development in
Indonesia’s rural areas and road development projects in remote areas.
Other countries which will receive the fund are Algeria, Argentina,
Armenia, Bangladesh, Brazil, Burkina Faso, Ecuador, Ethiopia,
Guatemala, Jordan, Lesotho, Nepal, Sudan, Tanzania, Vietnam and Zambia,
it said.
The total assistance allocated for the Asia Pacific is US$88.4 million,
including funds for poverty eradication in 841 villages in Vietnam
and a small-scale business development project in Bangladesh.
The total assistance allocated for East Africa and South Africa is
US$76.1 million, which should be used in agricultural improvement
in Tanzania, rural economic development in Zambia and agricultural
product marketing in Ethiopia, it said.