Rome, 15 March 2011 – A US$ 39.2 million Agricultural Value Chain Development Programme will help reduce poverty and boost the local economy of the mountain zones of Taza Province in Morocco.

About 48,000 poor rural people – smallholders, landless farmers, rural women and unemployed young people – living in the area will benefit from the programme.

IFAD will provide a loan of US$22.5 million and a grant of US$0.5 million to finance the programme. An agreement was signed today at IFAD headquarters by Hassan Abouyoub, Ambassador of the Kingdom of Morocco to Italy and Kanayo F. Nwanze, President of IFAD.

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