Tonga to Advise IFAD on Preparation of New Strategy for the Pacific

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1 October 2012 The International Fund for Agricultural Development (IFAD) will meet in Nuku'alofa Tonga on October 02, 2012 with partners and stakeholders to get their views on a new strategy for the Fund in the Pacific.

The IFAD Sub-Regional Strategic Opportunities Paper, (SRESOP) will guide how the Fund allocates investment resources for rural poverty reduction over the next six years, from 2013-2018.

Consultations with government, non-governmental organisations, civil society, churches, business and other development assistance agencies are being held in the Kingdom of Tonga, and in several of IFAD's other member states in the region. Talks are being based upon a Discussion Paper being presented to them for consideration.

The paper was also presented last week for discussions at the Meeting of Heads of Agriculture and Forestry Services held by the Secretariat of the Pacific, (SPC) in Nadi, Fiji. This was followed by the SPC meeting of Ministers of Agriculture and Forestry where ministers from 22 countries took formal note of this IFAD effort and endorsed IFAD's intent to proceed with further discussions and finalisation of the new strategy.

Starting in Tonga in 1983, IFAD has funded a total of four investment projects for a total of USD 9.3 million.  The latest such project financed by IFAD, the new "Tonga Rural Innovations Project", (TRIP) is being implemented by MORDI Tonga Trust. The TRIP project will benefit from IFAD financing at an amount of USD$ 3 million in the form of a grant to the Government of the Kingdom of Tonga, approved by the IFAD Executive Board in April 2012.

Last Updated ( Wednesday, 01 May 2013 22:56 )  

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