A total of 17,500 poor rural households in six regions of Eritrea will benefit from a financial agreement signed today between the International Fund for Agricultural Development (IFAD) and Eritrea to boost coastal and inland fisheries.
The total cost of the Programme is US$32.1 million of which IFAD is providing a US$15 million grant. It is co-financed by the Government of Germany ($5.9 million), the Global Environment Facility ($7.9 million), the Food and Agriculture Organization of the United Nations ($0.5 million), the Government of Eritrea ($1.4 million) and by the beneficiaries themselves ($1.3 million).
The financial agreement for the Fisheries Resources Management Programme (FReMP) was signed in Rome by Michel Mordasini, Vice-President of IFAD; and Fessahazion Pietros, Ambassador of Eritrea to Italy and Permanent Representative Eritrea to Rome-based UN agencies, in the presence of Arefaine Berhe, Minister for Agriculture of Eritrea.
2016 AllAfrica