Exchange of Notes for Grant Aid related to the Food Security Project for Underprivileged Farmers in the Republic of Paraguay
June 30, 2011
- On Thursday, June 30, (Wednesday, June 29 local time), while on an official working visit to Asunción, Paraguay, to attend the MERCOSUR Summit, Minister for Foreign Affairs Takeaki Matsumoto participated in a signing ceremony with H.E. Mr. Jorge Lara Castro, Minister of Foreign Affairs of Paraguay, for an exchange of notes extending 130 million Japanese yen of grant aid for the Food Security Project for Underprivileged Farmers in Paraguay.
- The principle industry in Paraguay is agriculture. Approximately 50% of the country’s population lives in farming communities, and of that population, around 80% are small-scale farmers. The GDP for one of these small-scale farmers is about US$360 a year. The income gap between small- and large-scale farmers is becoming an increasingly pressing social problem. It is one of the major issues to raise the productivity of small-scale impoverished farmers.
- This project will provide fertilizer for the major crops grown throughout Paraguay (soybeans, corn, wheat, cassava, etc.). It is expected that the project will help improve the productivity of small-scale farmers.
- (*This is a provisional translation. The above date denotes the date of the issue of the original press release in Japanese.)
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