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The development of sustainable agriculture is one of the solutions to climate change affecting the African continent. In Madagascar, this is being supported by the World Bank, which has announced funding of $227 million. The funds will be provided by the World Bank ($200 million) and the French Development Agency (AFD), which is expected to approve €25 million in July 2023. The funding will support sustainable agriculture in the face of climate change.
The development of sustainable agriculture is one of the solutions to climate change affecting the African continent. In Madagascar, this is being supported by the World Bank, which has announced funding of $227 million. The funds will be provided by the World Bank ($200 million) and the French Development Agency (AFD), which is expected to approve €25 million in July 2023. The funding will support sustainable agriculture in the face of climate change.
The World Bank and AFD financing is also intended to support farmers’ investments in micro-irrigation and sustainable landscape management on at least 61 000 hectares. The ultimate goal is to support 150,000 households, including 165,000 farmers, who will benefit from the deployment of input vouchers boosted by blockchain and training on climate-smart agriculture and agroecological practices.
The funding to the Malagasy government will support the development of climate-resilient agriculture in Alaotra-Mangoro and Sofia, the two main agricultural regions of Madagascar. This will involve supporting watershed restoration operations led by local communities. The Malagasy authorities also plan to finance the rehabilitation of 30,000 hectares of irrigated areas, 30,000 hectares of watersheds, and 150 kilometres of rural roads to improve access to markets and thus limit post-harvest losses.
Read Also:
https://trendsnafrica.com/support-for-resilient-livelihoods-in-the-south-of-madagascar-3/
https://trendsnafrica.com/madagascar-national-water-project-2/
https://trendsnafrica.com/qmm-in-madagascar-resumes-operations/
Despite natural disasters, including cyclones and drought, agriculture is a key sector for the economy of the big island. Together with fishing and forestry, this sector employs four out of five people in this East African country. Moreover, agriculture represents 29% of the country’s gross domestic product (GDP) according to the International Fund for Agricultural Development (IFAD).
