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Solidaridad, EU Sign 5M Euros Agreement To Boost Cocoa Production

News Summed Up 2020-01-15 05:30:00

The Regional Director of Solidaridad West Africa, Isaac Gyamfi, and the EU Team Leader for Resilience, Ivan Borisavljevic signed on behalf of their respective institutions. Under the agreement, the EU is contributing 4 million euros, while Solidaridad is contributing 1 million euros to implement the Cocoa Value Chain Development Program (COVADEP). The overall goal of the program is to reduce poverty through increased resilience and competitiveness in the cocoa sector and improve cocoa farmer livelihood and food security. Solidaridad opened its Liberia’s office in 2015 and signed a major grant agreement with the EU in 2017 to implement the ongoing Liberia Cocoa Sector Improvement Program (LICSIP) in Bong, Lofa and Nimba Counties. Also speaking, the EU Team Leader for Resilience, Ivan Borisavljevic noted the grant is in support of the EU rural development sector program.