AFDF board dis­cusses new projects

Muscat Daily - - BUSINESS -

Mus­cat – The board of di­rec­tors of the Agri­cul­tural and Fish­eries De­vel­op­ment Fund (AFDF) held its third meet­ing for 2019, un­der the chair of H E Dr Ha­mad bin Said al Aufi, Min­is­ter of Agri­cul­ture and Fish­eries.

The meet­ing dis­cussed sev­eral top­ics in­clud­ing the fi­nan­cial po­si­tion of the fund and the ex­ec­u­tive po­si­tion of the funded projects.

The AFDF board also re­viewed the new projects re­quired to be funded in the se­cond in­stall­ment for the year 2019. It agreed to fi­nance five projects rep­re­sented in three agri­cul­tural projects (plant and an­i­mal) and two projects in the fish­eries sec­tor.

These funded projects would con­trib­ute to the de­vel­op­ment and sus­tain­abil­ity of these sec­tors and the strength­en­ing of the food se­cu­rity sys­tem, job cre­ation, and in­come di­ver­si­fi­ca­tion.

Dur­ing the meet­ing, the cap­i­tal and op­er­a­tional bud­get for the ex­ec­u­tive man­age­ment for the year 2020 was ap­proved by the board.

The AFDF board also took sev­eral or­gan­i­sa­tional de­ci­sions to ac­ti­vate the work mech­a­nisms and di­ver­sify the sources of project fi­nanc­ing in the up­com­ing pe­ri­ods.

Newspapers in English

Newspapers from Oman

© PressReader. All rights reserved.