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Fri, 19 Feb 2016 07:28 - Updated Fri, 19 Feb 2016 07:28

Italy: Angola at 39th Session of IFAD's governing Council

Rome - Angola is attending since Wednesday the 39th Session of the Governing Council of the International Fund for Agricultural Development (IFAD), taking place at the organization's headquarters in Rome.

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Florêncio de Almeida - Angola ambassador to Italy

Photo: Francisco miúdo

Speaking at Thursday's session, the Permanent Representative of Angola to IFAD, ambassador Florêncio de Almeida, stressed the importance of the Council, of which Angola is a member state, for allowing to transmit the experience of the country and at the same time learn about other practices, difficulties and successes in order to allow to modernize the national agriculture and increase the Angolan productivity.

Speaking on behalf of the Agriculture Minister, the diplomat stressed that as a result of the crisis that Angola is due to the sharp decline in oil prices, the Government has adopted austerity and containment measures of public expenditure to accelerate the diversification of the economy, priority for agriculture, livestock, fisheries and aquaculture, aiming to meet the consumption needs of the population, encouraging manufacturing industry and increase exports.

The ambassador urged IFAD to continue to mobilize funds, exploring alternative sources, consistent with its mandate, to capture more co-financing and to improve continuously the quality of its projects and programmes, according to the work programme approved by this Council.

He seized the occasion to announce to present the contribution of Angola to the 10th Replenishment of IFAD, to be implemented in the near future, despite the current situation characterized by low oil prices. 

In the past, Angola released to the fund a value of 1.9 million dollars and in the framework of programmes and projects that IFAD finances worldwide, in Angola initiatives are in progress in the agriculture and fisheries sectors.

In agriculture there is an ongoing project of family farming oriented to the market, called MOSAP, co-financed by the Angolan government, the World Bank and the Japanese government, with the participation of IFAD with eight million dollars.

This project is being developed in the provinces of Malanje, Huambo and Bié.

The International Fund for Agricultural Development (IFAD), a specialized agency of the United Nations, was established as an international financial institution in 1977 as one of the major outcomes of the 1974 World Food Conference.

The conference was organized in response to the food crises of the early 1970s that primarily affected the Sahelian countries of Africa. It resolved that "an International Fund for Agricultural Development should be established immediately to finance agricultural development projects primarily for food production in the developing countries." One of the most important insights emerging from the conference was that the causes of food insecurity and famine were not so much failures in food production but structural problems relating to poverty, and to the fact that the majority of the developing world's poor populations were concentrated in rural areas.

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