Sri Lanka to boost high value agriculture, develop value chain

ECONOMYEXT – Sri Lanka’s will boost high value fruits and vegetables, train farmers in modern agricultural practices to promote export agriculture with a 135 million dollar credit from the Washington-based World Bank.

“This project is designed to demonstrate new agricultural practices and institutional arrangements in the project areas to link smallholder farmers into modern agriculture value chains and to create attractive jobs,".. Ulrich Schmitt, Program Leader and Task Team Leader of the World Bank said.

"Innovation and new technology will help improve not only the economic efficiency in the sector, but also enhance resilience to natural disasters and climate change."

The project will be unrolled in Sri Lanka’s Northern, Eastern, Central, North-Central and Uva Provinces by the ministries of primary industry and agriculture.

The project will be implemented through the Ministry of Primary Industries, the Ministry of Agriculture, and five participating provinces, including the

It is expected provide new employment opportunities for women and young people.

The project aims to improve productivity and diversification of current production patterns through modern agriculture technology demonstrations in the project areas, and supports farmer organizations and farmer-agribusiness partnerships. 

It will also support agricultural policy development to enable the Government to determine the future direction of the sector. (Colombo/June30/2016)

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