The U.S. Agency for International Development (USAID) has signed a memorandum of understanding with the Chevron Corporation and the Cooperative League of the United States of America (CLUSA) to assist Angola in diversifying its economy by revitalizing small and medium scale commercial farming, and promoting agricultural development that is environmentally friendly, socially just and economically sustainable.
Benefits of Implementation
The partnership between USAID, Chevron and the CLUSA will enable farmers to develop and improve the commercial viability of their products and services. The mechanisms the partnership will use to assist Angola in reaching its agricultural sector development include:
- Providing finance, business and training support to small and medium scale farmers and related agricultural enterprises;
- Strengthening the capacity of agrarian schools;
- Providing assistance to non-governmental organizations that deliver savings and credit products to small and medium scale farmers and related agricultural enterprises;
- Technical assistance to commercial banks providing wholesale lending to rural finance institutions; and
- Financing and support to private sector-based agricultural initiatives that promote sustainable, integrated value chains that link producers, input suppliers, financiers, buyers and other agribusinesses.
To build on the successes of this partnership, USAID, Chevron and CLUSA will coordinate technical assistance and research to promote environmentally friendly resource management agricultural and agribusiness practices and will serve as the facilitators of "best practices" to country-level partners. They will work together to monitor the impact, effectiveness, and sustainability of their support to agricultural activities.