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Brazil,United States : World Bank approves US$ 100 Million Project to support Local Farmers adopt Climate Resilient Approaches
Publish Date : 24-Jul-2019
The World Bank has approved US$ 100 million Cear Rural Sustainable and Competitiveness project (Phase II) to help local farmers expand access to markets and adopt climate resilient approaches. The initiative will also improve access to water and sanitation services.
The governor of Cear, Camilo Santana, This is one of the most important projects for our government. We increasingly seek to support rural farmers, giving them better working conditions and infrastructure. Family farming will always be a priority for us.
Although agriculture accounts for only 4.5 percent of Cears GDP, it is the principal economic activity in rural areas, particularly for small landholders. It generates 21 percent of employment and is directly related to food and nutritional security. In the past six years, a persistent drought negatively impacted crops (maize, beans and rice) and livestock production (bovine, swine and poultry), thus reducing farmers income.
World Bank Director for Brazil, Paloma Anos Casero said, This project will help build a more prosperous, inclusive and climate-resilient rural economy and improved human development conditions for the rural population of Cear.
The project will advance socially inclusive growth and sustainable development through the following actions:
Raising production by adopting improved agricultural technology.
Increasing gross value of sales by members of organizations supported by the project.
Improving market access for rural producers.
Increasing access to improved water sources and sanitation services.
Strengthening the institutional and coordination capacity of key sectorial agencies, relevant to the
implementation of the States development programs and policies.
This Specific Investment Loan of US$ 100 million has a US$53.53 million counterpart contribution, with a 25-year maturity and a five-year grace period.
With 91 percent of its territory in semi-arid areas, Cear is one of Brazils driest states and faces severe weather conditions. Frequent prolonged droughts, desertification and occasional flooding have caused major human disasters and severely impacted agriculture and food production.
