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| Recently Approved Projects |
|  | India: Assam Agricultural Competitiveness Project, December 14, 2004 | | Benin: National Community Driven Development Project, October 07, 2004 | | Australia: Coral Reef Targeted Research and Capacity Building for Management Project, September 23, 2004 | | India: Rural Roads Project, September 23, 2004 | | Sri Lanka: E-Lanka Development, September 21, 2004 | | Chad: Local Development Program Support, September 16, 2004 | | Senegal: Electricity Services for Rural Areas Project, September 09, 2004 | | India: Madhya Pradesh Water Sector Restructuring Project, September 07, 2004 | | Uganda: Poverty Reduction Support Credit 4, September 02, 2004 | | Uganda: Third Phase of the Road Development Program, September 02, 2004 | | Guinea: Second National Rural Infrastructure Project, August 26, 2004 | | India: Hydrology Project Phase II, August 24, 2004 | | All Rural Loans and Credits (February 1996 to Present) |
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Projects
For the next two decades, the majority of the world's poor will live in rural areas. The Bank is aware that its mission of a world free of poverty will not be realized without effectively combating rural poverty.
A recent review of the World Bank's lending for rural projects showed that:
- In fiscal year (FY)1 2003, lending for projects in rural areas increased by 50% to approximately $7.6 billion, representing 41% of total World Bank lending;
- The International Development Association committed 52% of its total funding ($3.7 billion) to rural areas in FY 2003, amounting to one-half the total investment by the World Bank Group in rural areas;
- Lending to the infrastructure sectors2 increased to 33 percent of lending to rural areas, a jump from 27 percent in FY 2002;
- World Bank commitments in rural areas are well-aligned with the Millennium Development Goals (MDGs), with most rural lending in FY 2003 targeting the eradication of extreme poverty and hunger ($3.9 billion).
This section features recently approved rural development and agriculture projects. In addition, links are provided to sources of rural development and agriculture project data, as well as project profiles describing the activities and accomplishments on on-going rural and agriculture projects.
1.The World Bank fiscal year runs from July 1 to June 30.
2.The infrastructure sectors include: Energy and Mining; Information and Communications; Transportation; Water, Sanitation and Flood Protection. Economic Sectors are: Finance and Industry and Trade.
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