IFAD assures further technical support for agriculture modernization in Sri Lanka

The International Fund for Agricultural Development (IFAD) assured this week to extend further technical assistance to minimize the post harvest losses and work on active youth and women engagement in agriculture modernization programs in Sri Lanka.

The assurance was given on Wednesday when State Minister of Finance (MP) Shehan Semasinghe met with President of IFAD Alvaro Lario, who expressed satisfaction regarding the ongoing projects in Sri Lanka despite the challenges the country is facing, according to the State Minister. 

“Further, It was stated that the request of Sri Lanka will be positively considered at the next country strategic policy and ensured to continue to support the development of the agriculture sector in Sri Lanka,” Minister Semasinghe said in a tweet following the meeting with IFAD leadership. 

Over the last three decades, IFAD became one of the main development partners in the country, with total allocated financing of USD 340. 49 million under total project cost of USD 654.57 million by undertaking 19 projects with the household impact of 654, 832. (SR)