11 Aug 2010

Coffee and cocoa growers in PNG to benefit from World Bank fund

10:53 am on 11 August 2010

Coffee and cocoa growers in Papua New Guinea will benefit from a 25 million US dollar project funded by the World Bank group.

The newspaper, The National, says the fund was approved under the World Bank's productive partnerships in agriculture project, which it aims to improve the livelihoods of rural PNG communities.

The World Bank says the funds are purposely for rural development projects in the agriculture sector, particularly coffee and cocoa production by small holder growers in rural communities.

It acknowledged that over 80% of Papua New Guineans lived in rural areas who are largely dependent on agriculture for livelihood and that supporting rural populations was imperative to both social development and economic growth.