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470,000 small farmers to benefit from World Bank

ITN News Editor
By ITN News Editor March 12, 2019 19:10

470,000 small farmers to benefit from World Bank

The World Bank has approved a 125 million US dollar loan for Sri Lanka to help small farmers improve resilience and productivity with improved crop varieties, cropping patterns and water resources management.

The program will benefit more than 470,000 small farmers in six provinces in the dry zone of the country, selected for being most exposed to climate impacts.  Sri Lanka is particularly vulnerable to climate-related natural disasters such as floods and droughts. The project will ensure that all farmers get adequate access to training and research.

Currently, only 10 percent of women benefit, and this project will help bridge this gap and improve productivity of both men and women working in agriculture. The agriculture sector is especially affected. It contributes approximately 7.7 percent to the country’s economy and employs 27 percent of the population, more than 38 percent of whom are women.

This project will support smallholder farmers living in climate “hotspot” areas to increase their access to irrigation and management of water resources, in conjunction with support to enable farmers to adopt climate-smart technologies, resulting in increased agricultural productivity and improved access to markets.

 

ITN News Editor
By ITN News Editor March 12, 2019 19:10

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