IFAD and Egypt partner to reduce rural poverty and improve farm productivity and income

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IFAD and Egypt partner to reduce rural poverty and improve farm productivity and income

Rome, 29 November 2018 – Donal Brown, IFAD Associate Vice-President, Programme Management Department, will meet with government officials during a four-day visit to Egypt that is centred on IFAD investments to galvanize rural development and transform marginalized areas.

Meeting with Egypt’s Minister of Investment and International Cooperation Sahar Nasr, Minister of Agriculture and Land Reclamation Ezz El Din Abu Steit, and other government officials on Sunday, 2 December,  Brown will discuss investments to empower rural women, increase employment opportunities for rural youth, improve food and nutrition security, and reduce rural poverty.

Agriculture is a key sector of Egypt’s economy, providing livelihoods for 55 per cent of the population and directly employing 30 per cent of the labour force. Farming is also a vital source of exports and foreign exchange. IFAD is supporting Egypt’s Government in achieving its national plans – IFAD interventions have already covered some 65 per cent of reclaimed lands and will reach 87 per cent in the future.

“IFAD prides itself on being among the first donors to be involved in tackling the challenges that smallholder settlers face in the reclaimed lands in Egypt,” said Brown. “IFAD reaches out to unemployed youth in rural areas, providing access to affordable finance as well as technical assistance for on or off-farm income-generating activities.”

Among major challenges facing Egypt are youth unemployment, climate change and low productivity in rural areas. Young people make up 60 per cent of the country’s population, but 47 per cent of them are unemployed. Fifty-five per cent of beneficiaries of IFAD-supported projects in Egypt are young farmers.

“Egypt is IFAD’s largest recipient of financial assistance in the Near East and North Africa, and was one of the first member countries to receive IFAD financing,” said Khalida Bouzar, IFAD’s Regional Director for the Near East, North Africa and Europe.  “Over nearly four decades of continuous cooperation, our successful strategic partnership has been able to contribute towards poverty reduction and improved food security--Cairo has been chosen to be an IFAD sub-regional hub covering nine countries across the region, demonstrating the importance of the IFAD-Egypt partnership.”

In addition to high-level meetings, Brown will visit two IFAD-supported projects and meet project participants to see first-hand how the project has helped them improve their lives. The Promotion of Rural Incomes through Market Enhancement Project covers seven governorates and is benefitting 50,000 rural households by integrating them into agricultural value chains. The On-farm Irrigation Development Project in Old lands supports efficient use of water resources, which are threatened by climate change, population growth, industrialization, increasing pollution and poor water management. Project investments are generating seasonal and part-time work for more than 21,000 poor rural men and women.

Since 1979, IFAD has financed 13 rural development programmes and projects in Egypt at a total cost of US$829.1 million, with an IFAD investment of $455.6 million. These programmes and projects have directly benefited 7,100,000 rural people in Egypt.

Press release No.: IFAD/83/2018

IFAD has invested in rural people for 40 years, empowering them to reduce poverty, increase food security, improve nutrition and strengthen resilience. Since 1978, we have provided about US$20.4 billion in grants and low-interest loans to projects that have reached some 480 million people. IFAD is an international financial institution and a specialized United Nations agency based in Rome – the UN’s food and agriculture hub.