IFAD to finance fish resources management with $70 million

The International Fund for Agricultural Development (IFAD) said that it is to soon to begin implantation of the economic opportunities program or the activation of the fish resources management program, a project worth over $70 million USD.
 
In a statement to the state-run 26Sep.net, IFAD representative in Yemen Fathia Bahran announced that the economic opportunities program would be undertaken next June.
 
The program, which targets eight governorates, will costs $40 million USD, and will be financing by the IFAD, the Islamic Development Bank (IDB) and the European Union, Bahran said.
 
The project aims to improve coffee production within Yemen, enlarging the cultivation areas and creating new marketing mechanisms to export coffee to foreign markets, thus improving the general national income and increasing economic revenues.
 
Fathia Bahran also emphasized that the IFAD is currently still producing the general design for the fish project. The preliminary outlines of the project propose that it will be concentrated on supporting the fish recourses management. This undertaking is worth $30 million USD, and will be financed by the IFAD and other donors.

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