More than 100,000 poor Brazilians are expected to benefit from a United Nations-backed development and income-generating project in the semi-arid north-eastern region of Latin America's largest and most populous country.
The $47 million North-East Rural Family Enterprise Development Support Project will be partly financed by a $23 million loan from the UN International Fund for Agricultural Development (IFAD) under an agreement signed last week at the Rome headquarters of the agency, which is dedicated to eradicating rural poverty in developing countries.
The Brazilian Ministry of Agrarian Development will contribute $22 million to the programme while $2 million is to be invested directly by project participants.
Some 20,000 poor people will participate directly in the project to create and consolidate family-owned rural enterprises, with 100,000 people expected to benefit as a result of increased incomes, improved living conditions and multiplying effects within the regional economy.
The North-East is home to the largest concentration of poor rural people in Brazil, a country with a total population of some 188 million.
The project will initially be implemented in the Xingó area and help poor families involved with the development of small agro-industries and other rural enterprises to enhance their business skills and increase their incomes.
It offers an alternative to many poor rural people who do not have access toenough land or have lost their farming jobs due to mechanization or diversification in production, IFAD Country Programme Manager for Brazil Jean-Jacques Gariglio said.
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