ADF and NTF contribute to Irrigated Agriculture Development in Mauritania
Tunis, 3 June 2005 – The African Development Fund (ADF) and the Nigeria Trust Fund (NTF), the concessional windows of the African Development Bank Group (ADB), support agricultural sector and water supply enhancement in Mauritania.
The Acting Vice President for the West and Central operations of the ADB Group, Mr. Jaouad Mohammed Gharbi and the Ambassador of Mauritania in Tunisia, M Ahmed S. Ould Saleck signed in Tunis two agreements for ADF and NTF loans for a total amount of 6.97 million Units of Account (UA*), equivalent to US$10.50 million to finance an hydro-agricultural rehabilitation project in Brakna-West, which is equally being financed by the Islamic Development Bank.
The project will contribute to improve food security and the living conditions of the local community by increasing arable land, crop yields and farmers’ incomes in a sustainable manner. The project also aims at improving basic water infrastructure, the construction and opening up structures, the rehabilitation of irrigated vegetable schemes and the implementation of environmental protection measures.
The project will be based on agricultural lands developed by farmer’s organizations and will involve building the capacity of farmers organizations as well as the intensification, diversification and organization of agricultural production.
VP Gharbi expressed the hope that the people would benefit from the success of the project, saying it is part of the national poverty reduction strategy aimed at the attainment of the Millennium Development Goals (MDGs) by Mauritania.
On his part, the Mauritanian Ambassador commended the ADB support. "This funding for a Sahelian country is of such high utility in the development of the Senegal River Basin and that of a wide region"
The operations of the Bank Group in Mauritania started in 1972. To date, the cumulative commitments of the Group in the country amounts to UA 323 million, equivalent to US$ 475 million in 47 operations.
1UA = US $ 1.47495 as at 01/06/05