Egypt to re­ceive $100m WB loan to mod­ernise ir­ri­ga­tion

The Pak Banker - - Front Page -

CAIRO: The World Bank ap­proved Thurs­day a $100 mil­lion loan to sup­port Egypt's Farm-level Ir­ri­ga­tion Mod­ern­iza­tion Project (FIMP), ac­cord­ing to a state­ment.

The project aims to in­crease agri­cul­tural prof­itabil­ity and im­prove ac­cess to higher-qual­ity wa­ter for around 140,000 small-scale farm­ers on 200,000 fed­dans in Mah­moudia, Manaifa and Meet Yazid, lo­cated in the Nile Delta, the state­ment read.

"This project rep­re­sents an im­por­tant step in im­prov­ing the ef­fi­ciency of ir­ri­ga­tion wa­ter use in the Nile delta," said A. David Craig, the World Bank's coun­try di­rec­tor for Egypt, Ye­men and Dji­bouti. "The bank's ob­jec­tives in the agri­cul­ture and ir­ri­ga­tion sec­tor aims to sup­port the govern­ment's ef­forts to im­prove the man­age­ment and ef­fi­ciency of the use of land and wa­ter re­sources," he added.

Ac­cord­ing to the World Bank, while its con­tri­bu­tion to GDP is fall­ing, Egypt's agri­cul­ture sec­tor em­ploys 30 per­cent of the work­force and sup­ports 55 per­cent of the pop­u­la­tion.

The first com­po­nent of the project sup­ports "marwa (farm-level ditches) and farm-level ir­ri­ga­tion mod­ern­iza­tion" in the se­lected ar­eas, "where branch canal and mesqa (ter­tiary chan­nels that re­ceive wa­ter from branch canals) im­prove­ments have been car­ried out or are cur­rently on­go­ing."

The sec­ond com­po­nent aims to raise aware­ness among farm­ers on the lat­est land im­prove­ment and crop pro­duc­tion tech­nolo­gies.

Hani El Sadani, the World Bank Project co-Task Team leader, said that it will also "con­trib­ute to the devel­op­ment of the lo­cal pri­vate sec­tor through the lo­cal con­tract­ing of ser­vices and works to up­grade the power grid and mod­ern­ize the on-farm ir­ri­ga­tion sys­tems." -PB News

Newspapers in English

Newspapers from Pakistan

© PressReader. All rights reserved.