World Bank to help Sri Lanka farmers deal with climate change
The International Development Association (IDA) of the World Bank is giving financial assistance of USD 125 Million to implement a Climate Resilient Agricultural Project (CSIAP) in Sri Lanka.
CSIAP covers eleven districts in the dry zone and benefits more than 62,000 families, an announcement from the World Bank said.
CSIAP supports farmers who are vulnerable to climate change and especially to climate-induced extreme events such as drought and floods.
The project intends to improve the productivity and climate resilience of smallholder agriculture in hotspot areas by increased adaptation of climate-resilient agricultural practices and technologies, improved agricultural productivity, rehabilitation of Irrigation Systems and enhanced access to markets in targeted smallholder farming communities.
All citizens living in the selected hotspot areas will be benefited from the project and the project mainly focuses on households including women, youth and children.
It is estimated that 62, 417 farmer families will be directly benefited from this initiative.
The signing of the loan agreement took place during the Spring Meetings of World Bank and International Monetary Fund, held from April 8 to 14, 2019 in Washington DC, United States of America.