AfDB approves loan worth over 80.5 MD for agricultural development project in Zaghouan
18/07/2019 18:59, TUNIS/Tunisia

(TAP) -The Board of Directors of the African Development Bank (AfDB) Group approved a loan of over €25 million (80.5 million dinars) to fund the Agricultural Subsector Development and Promotion Project in the governorate of Zaghouan (PDPFA), said the AfDB Thursday on its website.

"This new operation will contribute to strengthening the dynamics of economic and social inclusion with a view to improving the living conditions, particularly of young people and women in the governorate, by promoting the sustainable development of agricultural sectors," the Bank added.

The project supports, in particular, the olive and dairy sectors and products from organic and high-potential local produce, in terms of job creation and income, with the aim of raising productivity and added-value.

"With a logic of transformation bringing greater added-value, the project seeks to step up the contribution of the agricultural sector to the growth dynamic for the benefit of the Zaghouan governorate’s people," AfDB Director-General for the North Africa Region Mohamed El Azizi quoted as saying.

The project will set up new agricultural tracks, create and rehabilitate irrigated perimeters, build new boreholes and dig surface wells to improve the mobilisation of water resources and water saving.

Actions to support the development of value chains of promising agricultural sectors and to strengthen the resilience of agro-ecological systems are planned.

For her part, AfDB Deputy Director-General and Country Manager for Tunisia Yacine Diama Fal indicated that "apart from a logic of boosting productivity, which will benefit more than 12,000 inhabitants, over the half are women, this project is also a project of adaptation to climate change."

Aligned with three of the Bank's five strategic priorities (referred to as "High5"), the project contributes primarily to the "Feed Africa" ​​goal, while contributing to the implementation of two other priorities, namely "Industrialise Africa" ​​and "Improve the People’s Quality of life," said the bank.

In keeping with the historic support of the AfDB, the PDPFA complies with the objectives of Tunisia's Strategic Development Plan 2016-2020, according to the institution. These objectives consist in the promotion of competitive and sustainable agriculture, the sustainable management of natural resources and guarantee of a decent income for farmers.

The partnership between Tunisia and the AfDB has lasted more than half a century, totalling a financial commitment of nearly U$9 billion (25.2 billion dinars). These funds cover different sectors, including energy, water, transport, agriculture and social development.

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