An initiative by the title ‘‘Project for Developing Sustainable Agricultural Economy’ (PDSAE) has been signed between United Nations Development Programme (UNDP) in the Maldives, Ministry of Fisheries, Marine Resources and Agriculture and the Ministry of Economic Development in a ceremony held for the occasion yesterday.
The agreement was signed by Her Excellency Keiko Yanai, Ambassador of Japan to the Maldives and Mr. Enrico Gaveglia, UNDP Resident Representative in the Maldives and Ministers of Fisheries, Marine Resources and Agriculture and Economic Development together with the UNDP Resident Representative to seal the implementation plan which will last up to October 2024.
PDSAE is backed by the generous support of the Government of Japan committing a grant amount to the tune of USD 2.7 million contributed to further strengthen local productivity of agricultural produce in the Maldives. It aims to create opportunities for more entrepreneurs interested in the agricultural businesses to enter the sector, and facilitate secondary and tertiary production of related commodities, including foodstuff and textiles.
The PDSAE project will be centered around three key areas:
1. Strengthening assistance to increase local farmer expertise in agriculture;
2. Enhancing agricultural capacities and opportunities to ensure food security; and
3. Enhancing support industries and value-added services to augment agro-businesses.
The initiative will be implemented in partnership with Agro National Corporation (AgroNat), the Business Center Corporation (BCC) and Housing Development Corporation (HDC).