Jakarta (ANTARA News) - The World Bank said its board has approved a combined 92.8 mln usd loan package to support a farmer empowerment project in Indonesia.
The project aims to help 400,000 Indonesian farm households improve productivity and incomes over the next five years, it said.
Total project cost is 123 mln usd, with Indonesia providing the balance of funding, the World bank was quoted by XFN Asia as saying.
Total project cost is 123 mln usd, with Indonesia providing the balance of funding, it said.
World Bank country director Andrew Steer said the project will support development of a market-oriented agricultural services system based on partnerships among farmers' groups, public agencies and private sector enterprises.
He added that improving agricultural productivity remains perhaps the best single measure to reduce poverty in Indonesia, with almost two-thirds of the nation's poor consisting of farmers.
Indonesia's poverty rate as a percentage of the total population stood at 17.75 pct as of March 2006, with some 39 mln people living below the poverty line, the World Bank said.
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