AFDF board discusses new projects
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.