The continental shelf known as the Sofala Bank lies off the coast of Mozambique and stretches 950 km from the waters off Sofala and Zambezia province and halfway up Nampula province in the north. The project is focused on the narrow strip of coast facing the Sofala bank, as well as its fishing waters.
The International Fund for Agricultural Development (IFAD), a specialized agency of the United Nations, was established as an international financial institution in 1977 as one of the major outcomes of the 1974 World Food Conference.IFAD is dedicated to eradicating rural poverty in developing countries and its mission is to enable poor rural people to overcome poverty.
