Int'l fund grants aid to Myanmar for agricultural development

The International Fund for Agriculture Development (IFAD) has granted 300,000 U.S. dollars of aid to Myanmar to carry out project for agricultural development, official media reported Wednesday.

The 18-month project from October 2013 to March 2015 will be implemented in three villages of central Magway region.

The project will mainly focus on capacity building courses for rural development, workshops and demonstration on development of agricultural and livestock sector, the report said.

Civil society organizations and donors from home and abroad will be among those taking part in the project along with government departments, the report added.

Moreover, Tony Blair Association will also provide necessary assistance for rural development and help Myanmar draft electrification and drinking water supply plan and comprehensive development plan.

IFAD is also cooperating with Myanmar for huge investment by private sector on required high technology and processing plants for export of agricultural produces including paddy to the international market.

Meanwhile, the government is also increasing agricultural loan to farmers to address their need of the injection of capital in the sector.