Togo and Japan Sign Financing Agreement for Agricultural Development

Friday, 31 May 2024 17:27
Togo and Japan Sign Financing Agreement for Agricultural Development

(Togo First) - On May 30, 2024, Togo and Japan signed a financing agreement under the Economic and Social Development Program (PDES) led by Japan. The agreement, signed by the Minister of Agriculture, Lekpa Gbegbeni, and the Ambassador of Japan to Togo, Katsuya Ikkatai, will provide agricultural and civil engineering equipment worth 1.2 billion CFA francs (300 million yen) to Togo.

The equipment will support Togo's efforts to develop its agriculture, which has been impacted by climate change and food price instability. The equipment will be used for land development and floodwater drainage, primarily in identified areas.

The support will focus on promoting rice cultivation and helping vulnerable producers, including flood victims and displaced persons threatened by violent extremism. This complements Japan's other initiatives in Togo's agricultural sector, such as the donation of rice shipments under the Kennedy Round project. The project aims to ensure food security in Togo and support economic and social development projects for the benefit of the Togolese people.

Esaïe Edoh

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