Lankapage Logo Recent Top Stories
CP 13 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* US$ 22.2 million UN loan to Sri Lanka to assist Northern farmers
Tue, Jan 31, 2012, 11:41 pm SL Time, ColomboPage News Desk, Sri Lanka.

Jan 31, Colombo: The International Fund for Agricultural Development (IFAD), a specialized financial institution of the United Nations, will grant a US$ 22.2 million loan to Sri Lanka to improve irrigation infrastructure and crop diversification, and help create new market opportunities for smallholder farmers in Northern Province, a statement released by the Fund said.

Sri Lanka's Ambassador to Italy Asitha Perera and President of IFAD Kanayo F. Nwanze signed the loan agreement Monday at the IFAD headquarters in Rome for the Iranamadu Irrigation Development Project.

The project, benefitting about 7,000 households in Kilinochchi district in the Northern Province, will improve the downstream irrigation infrastructure of the Iranamadu reservoir.

Under the project the reservoir, which had not been maintained adequately for years due to the occupation of the area by the terrorists, will be rehabilitated to increase its water-holding capacity.

With the funding, farmers will receive training on water saving management methods that include climate change adaptation and mitigation measures such as rainwater harvesting to use irrigation water more efficiently for sustaining their crops and contract farming.

Women's groups would also be formed and strengthened by offering training and development of vegetable production, IFAD said in the statement.

Infrastructure development is a high priority of the Sri Lankan government to accelerate growth in the country.

With the latest credit, IFAD, an international financial institution and a specialized UN agency based in Rome, has financed 16 programmes and projects in Sri Lanka since 1978 for a total investment of about $ 400 million benefitting more than 500,000 households.



ColomboPage - Recent 10 Stories
CWC pledges support to Gotabhaya Rajapaksa
-- [3 hours ago]
Three suspects arrested with nearly 30 kg of heroin in Divulapitiya
-- [3 hours ago]
Sajith promises to provide free fertilizer to all farmers
-- [3 hours ago]
Election monitor calls for an inquiry into spreading false rumors related to national security
-- [4 hours ago]
Hambantota International Port partners with NYK Japan
-- [4 hours ago]
Seven Sri Lankan companies take part in SupplySide West 2019 trade show in Las Vegas
-- [5 hours ago]
National Colleges of Education to admit 8000 students
Jaffna will return to pre-war normalcy within next 5 years - PM
Petition seeks injunction on poster display during Presidential election
Government to abolish carbon tax on motor vehicles

Copyright © 2000, 2010 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.