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Add to Preferred Sources160,000 poor rural households in Lesotho will benefit from new financing for a project that will boost food security and nutrition, mitigate the impact of climate change, and strengthen livelihoods for greater income. Women, who typically have limited access to land and finance, will make up 50 percent of the project’s participants. About 35 percent will be young people who face high rates of unemployment.
The $62 million project, which will provide the means for a six-year extension of the successful Smallholder Agriculture Development Project (SADP I), was announced by the International Fund for Agricultural Development of the United Nations (IFAD). Gilbert F. Houngbo, President of IFAD, and Thabo Sophonea, Minister of Finance of the Kingdom of Lesotho, signed the financing agreement for the Smallholder Agriculture Development Project (SADP II) by correspondence.
The total project financing amounts to $62 million, with $50 million from the World Bank and a $5 million loan from IFAD. The beneficiaries themselves are providing $5 million, and JICA will contribute an additional $2 million. The project will reach all 10 districts of the kingdom, an increase from the 7 districts reached through SADP I.
SADP II will build on the achievements of the project’s first phase. It aims to empower women and youth who are especially vulnerable to climate-related events and other shocks. According to the International Labour Organization, 38.5 percent of young people in Lesotho, aged 15-24, are unemployed. The creation of sustainable rural employment opportunities will lead to increased incomes and greater long-term resilience.
SADP II will promote the cultivation of cash crops, such as fruits and vegetables, and will link farmers to markets where they can sell their products. Project participants will also benefit from new technologies for land and water management including the modernization of irrigation infrastructure to reduce producers’ dependence on rain-fed farming. Furthermore, the project will train participants’ on nutrition, food preparation and better hygiene.
Original source: IFAD