Cuba: agreement in Rome with Ifad to revitalize livestock sector

(AGI) - Rome, Jan 23 - Promoting the sustainable growth of the livestock sector to raise incomes and provide employment opportunities to families in livestock cooperatives is the aim of a financial agreement signed in Rome between the International Fund for Agricultural Development (IFAD) and Cuba.The agreement for the Livestock Cooperatives Development Project in the Central-Eastern Region (PRODEGAN) was signed by IFAD President Kanayo F. Nwanze and Alba Beatriz Soto Pimentel, Ambassador of Cuba in Italy and Permanent Representative of the Rome-based United Nations agencies. The total cost of the project is US$50 million, of which IFAD is providing a $11.9 million loan. In addition, Agence francaise de de'veloppement (AFD) will contribute $28.1 million while the remaining $10 million will come from the Government of Cuba. Since 1980, IFAD has financed three rural development programmes and projects in Cuba for a total cost of $117 million, including an IFAD direct investment of $37 million. (AGI)


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