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FAO: US$35 million grant to help solve El Salvador agrarians climate change problems
19.04.2019 14:11 "Agro Perspectiva" (Kyiv) —
The Green Climate Fund (GCS), the main global fund to finance actions to fight climate change, will allocate US$35.8 million to support a FAO-designed project RECLIMA within El Salvador Dry Corridor aimed at building climate-change resilience within the local farming systems. The funding agreement was signed yesterday at the FAO headquarters within Rome, FAO reports.
As to the report, the RECLIMA project is to be implemented within 5 years; it requires in total US$127.7 million. The RECLIMA project is aimed to strengthen resilience of smallholder farmers, who are often on the frontline of climate change impacts, by promoting climate adaptation measures such as the use of seeds tolerant to drought.
It is to be admitted, in addition to the GCF grant, the project will receive US$91.8 million from the Salvadoran Government and the Initiative for the Americas Fund (FIAES).
«This is the second fully-fledged Agreement that FAO signs with the Green Climate Fund this month,» said FAO Assistant Director-General for Programme Support and Technical Cooperation, Roberto Ridolfi. «We want to build on this momentum to consolidate our joint efforts to deal with climate change effects within the world and support the sustainable management of agriculture systems and natural resources. We also agreed to work together towards leveraging GCF resources with other public and private investors,» he added.
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