Sri Lanka CVF and Nativa Capital ink MOU to enhance sustainable, community scale farming and forest protection

RuwanWijewardene

Mohamed Nasheed

Carlos Gomes

Sandeep Samarasinghe

• $100 m project aims to enhance community scale 15,000 farming families

In accordance with President Ranil Wickremesinghe’s strategic vision, the Government said it is poised to initiate a pioneering pilot project in the Anuradhapura district, earmarking a substantial investment of $ 100 million to revolutionise agricultural practices. 

The requisite agreement has been formally executed with Nevita Company of Portugal, signifying a significant milestone in the project’s progression.

With a total investment of $100 million, each farming family stands to benefit from an allocation of $ 6,000, facilitating the implementation of solar pumps and other energy projects for sustainable agriculture.

Under the guidance of President Wickremesinghe and with pivotal support from Mohamed Nasheed, this initiative underscores Sri Lanka’s dedication to addressing climate change and advancing sustainable development. The execution of the project on the ground will be driven by the collaboration between the ‘Our Movement Lanka’ organisation and  Nativa Capital, with oversight from the Government of Sri Lanka.

President’s Senior Advisor on Climate Change Ruwan Wijewardene representing Sri Lanka’s Climate Change Secretariat, former President of Maldives and the Secretary General of the Climate Vulnerable Forum (CVF), Mohamed Nasheed representing CVF and Carlos Gomes Executive Director of Nativa, representing Portugal’s Nativa Capital, collectively signed the agreement yesterday at the Precedential Secretariat.

The President’s Media Division said this endeavour not only promises economic prosperity but also seeks to empower farming communities with innovative technology and sustainable practices. It is poised to create employment opportunities, attract foreign investment, and fortify Sri Lanka’s agricultural sector.