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World Bank funds agricultural activity in Ethiopia

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The World Bank Group’s Board of Executive Directors has approved 80 million dollars funding from the International Development Association to support the government of Ethiopia to boost agricultural productivity.

In a press release issued on Tuesday, 15 September 2020, the bank said that the additional financing for the Second Agricultural Growth Project (AGPII) will further increase the economic potential of Ethiopia’s agricultural sector.

The project has helped to increase access to agricultural services for nearly 1.4 million small-scale farmers, including 37 percent women farmers. It has also successfully promoted over 254 new agricultural technologies with a significant impact on crop productivity and climate-smart interventions.

The project has also been instrumental in helping farmers adapt to climate change by completing 2 629 new small-scale irrigation schemes and upgrading existing irrigation infrastructure. This, in turn, helped to irrigate 23 290 hectares of agricultural land.

“The agricultural sector is crucial to Ethiopia’s economy, as it accounts for 45 percent of total output and employs nearly 80 percent of the labour force. While encouraging results have been achieved so far, more work is needed to address remaining challenges and accelerate productivity gains, reduce exposure to erratic climatic conditions, decrease land degradation and enhance the natural resource base on which the sector depends,” said World Bank Country Director for Eritrea, Ethiopia, South Sudan and Sudan, Ousmane Dione.

The project has been implemented in 167 districts in Amhara, Oromia, SNNPR, Tigray, Benishangul-Gumuz, Gambella and Harari regional states, as well as Dire Dawa city administration, and directly benefits 1.6 million small-scale farmers.

-APA

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