Press Release No:2011/041/LAC
WASHINGTON DC, July 27, 2010 — The World Bank’s Executive Board of Directors approved a loan for $20 million today that will help Peru develop an irrigation project in the Sierra, in an effort to improve agricultural yield in the region.
The project’s goal is to increase and improve agricultural performance in the Sierra areas. By improving irrigation technology, farmers will have enough water to secure traditional harvests and, in time, shift to higher export value crops.
Through the Subsector Irrigation Program (PSI), the Ministry of Agriculture will be coordinate and implement project activities, with the technical assistance of the World Bank.