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House approves $9 million loan agreement for agriculture

House approves $9 million loan agreement for agriculture

Freetown, July 24 (SLENA): Parliament has ratified nine million US dollar agreement between the government of Sierra Leone and the African Development Bank for the extension IFAD project in the country.

Presenting the agreement (both loan and grant), to parliament, the Deputy Minister of Finance and Economic Development, Mr.  Momodu Kargbo said the agreement is geared towards the improvement and extension of the IFAD project in the country.

The minister informed parliament that the IFAD project has developed the agriculture sector very well by establishing community banks in the rural sector.

Parliamentarians appreciated the agreement and urged the ministry of agriculture to be pro active in their work and monitor all activities undertaking by IFAD projects in the country.

S.B/HOP/SLENA

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