CAC bank, CASH sign agreement to increase agricultural productivity
The Source: SANA'A\Hadhramaut\Saba - Monday -22/Dec./2014
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The Cooperative and Agricultural Credit Bank (CAC bank) and Competitive Agricultural Systems for High-Value Crops (CASH) on Sunday signed a cooperation agreement to increase agricultural productivity. Under the agreement, CASH project, funded by United States Agency for International Development, provides technical support for all farmers in Sana'a, Lahj, Taiz, Dhamar, Raimah, Dhaela and Ibb provinces to use modern methods to save water and power.
CASH also provides technical support for CAC Bank in order to give effective agricultural loans to meet the farmers' needs in the targeted provinces for the next five years.
The agreement includes improving capacities and practicable skills of 14,000 farmers on the best agriculture technologies and practices that will significantly increase agricultural productivity and farmers' incomes in fields of planting coffee, honey production, horticultural crops, livestock production and handicrafts in the targeted provinces.
In the presence of the Agriculture and Irrigation Minister Fareed Mujawar, the agreement was signed by the CAC bank Chief Executive Saleh Basha and the CASH project director at USAID Mohamed Ilyas.
The U.S. Government, through the United States Agency for International Development (USAID) is launching a five-year, $24.5 million agriculture development project called Competitive Agriculture Systems for High Value Crops (CASH) to increase sustainable economic opportunities and decrease food insecurity in Yemen.
The project will identify and promote high-value markets, support farmer groups to produce for those markets, and promote private partnerships aimed at leveraging investment in sustainable enterprises.
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