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Economic

MAURITANIA/UN GRANTSBack
[Published: Friday November 04 2011]

Mauritanians to benefit from $ 18m UN grants
New York, 03 Nov – (ANA) - The United Nations agency helping the rural poor is awarding almost $ 18 million in loans and grants to Mauritania to boost the incomes and living conditions of thousands of people in the arid country.
The funding will be used to help rural households – more than half of Mauritanians are employed in agriculture – to significantly increase their production, according to the UN International Fund for Agricultural Development (IFAD). The $17.9 million in loans and grants will also be used to create jobs for young people, help women acquire access to economic opportunities and improve food security for local communities. IFAD said an estimated 21,000 households, women and young people stand to
benefit from the latest phase of the project, which began in 2002 in an area of  Mauritania known as the “poverty triangle.” (ANA)
FA/ANA/03 November 2011-------
 


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