| Project Detail |
Agricultural Value Chain Development Project (AVDP)
Agriculture is the largest sector of Sierra Leone’s economy. It accounts for 62 per cent of the country’s labour force, 59 per cent of its GDP and 22 per cent of its export revenues. However, poverty is particularly acute and concentrated in rural areas, where 59 per cent of the population lives. The Agricultural Value Chain Development Project (AVDP) will increase production and improve the marketing of rice, palm oil, cocoa and vegetables, contributing to the Government’s priorities of rice self-sufficiency, crop diversification and rural poverty reduction.
The AVDP will invest in agricultural mechanization, irrigation and water management. It will strengthen and climate-proof rural infrastructure through the rehabilitation of feeder roads and warehouses to improve product drying and storage capacity. It will also build the capacity of smallholder farmers through farmer field schools and provide them with credit for their investments in smallholder farms. About 34,000 vulnerable rural households will benefit from the project, and at least 40 per cent of the project’s participants will be women and youth.
STATUS: ONGOING
Country
Sierra Leone
Approval Date
08 December 2018
Duration
2018 - 2025
Sector
Agricultural Development
Total Project Cost
US$ 101.17 million
IFAD Financing
US$ 40.29 million
Co-financiers (International)
OPEC Fund for International Development US$ 20 million
Adaptation Fund US$ 9.16 million
Co-financiers (Domestic)
Private sector local US$ 1.42 million
Beneficiaries US$ 1.35 million
National Government US$ 8.08 million
Financing Gap
US$ 12.33 million
Financing terms
DSF Grant/Highly Concessional
Project ID
2000001544
Project Contact
Jakob Tuborgh |
