The World Bank has approved a $12 million loan for agricultural research in Uganda. The money is financing for the second part of the Agricultural Research and Training Project (ARTP), which is part of the bank's long-term assistance programme to agricultural research in Uganda.
ARTP supports technology development and dissemination. It seeks to support the design and implementation of improved procedures and capacities for scaling-up the application of new technologies.
A statement from the World Bank said the funding was approved on August 2. It said the ARTP-II has progressed well over the last seven years, with public agricultural research institutes continuing to conduct high quality research, as well as to maintain a steady flow of relevant research outputs, many of which are being adopted by Ugandan farmers.
The research project was initially financed with a $26 million credit, which was approved by the Bank Board's Executive Directors on May 6, 1999. The additional credit will enable the World Bank to meet its long-term commitment to the institutional development and strengthening of the Uganda National Agricultural Research System.
"It will allow adequate time for the preparation of a new single program to jointly cater for agricultural advisory services and agricultural research, preferably through a broader sector-wide approach, beginning July 1, 2009," said Grace Yabrudy, World Bank Uganda Country Manager.
The credit is provided on standard WB international Development Assistance terms, with a commitment fee of 0.35 per cent, a service charge of 0.75 per cent over a 40-year period of maturity, which includes a 10-year grace period.
The Monitor
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