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| Kanayo F. Nwanze, President of IFAD. |
Rome, 26 January 2017 –
Over 110,000 people in five of Tunisia’s districts in the Governorate
of Siliana, home to some of the country's most disadvantaged people,
will benefit from a financial agreement signed today between the United
Nations’ International Fund for Agricultural Development (IFAD) and
Tunisia.
The agreement for the Siliana
Territorial Development Value Chain Promotion Project (PROFITS), which
aims to create sustainable employment opportunities, was signed in Rome
by Kanayo F. Nwanze, President of IFAD, and Moez Sinaoui, Ambassador of
the Tunisian Republic in Rome.
The total cost of the project
is US$34.2 million of which IFAD is providing a $23.6 million loan and
$0.5 million grant. Also contributing to the project costs are the
Government of Tunisia ($7.6 million) and the beneficiaries themselves
($2.5 million).
“This
innovative project builds upon IFAD’s experience in Tunisia by focusing
on value chains that promote opportunities for all partners,” said
Annabelle Lhommeau, IFAD Country Programme Manager for Tunisia. “Value
chain development is an important lever for promoting both agricultural
and non-agricultural activities and strengthening the livelihoods and
incomes of vulnerable people.”
