VACPA Date Supply Chain Development - Tunis (IFC-604928)

Countries
  • Tunisia
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Jul 13, 2020
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
*Borrower information not provided at the time of disclosure*
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Agriculture and Forestry
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Advisory Services
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Project Cost (USD)
$ 0.92 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Sep 8, 2021

Disclosed by Bank Aug 30, 2021

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to bank provided information, the project will support an investment client to develop its smallholder farmer date supply chain through:

  1. Improve practices in date growing, harvesting and postharvest handling to reduce the infection rate by 10% from 25% currently to 15% and increase quantity of premium quantity by 20%.

  2. Increase water use efficiency by promoting and implementing drip irrigation to reduce consumption of water by 30% per/hectare form current flood irrigation consumption rates.

  3. Improve farmers’ organizations business and financial management skills to better serve their members on access to input and agri-equipment for irrigation and mechanization.

  4. Pilot a digital platform for sourcing, knowledge sharing, and technical support.

The project will be implemented through the following three components:

  1. Component One: Climate-smart water management and sustainable agricultural practices: This component will introduce and expand utilization of best dates agricultural practices and promote climate-smart water technology to help date farmers increase the share volume of premium quality dates produced that quality for the export market and reduce infection and therefore rejection rates.

  2. Component Two: Improve management skills of farmer and farmer organizations: The project will build the business and technical capacity of farmer organizations

  3. Component Three: Pilot Digitalized Platform for Knowledge, Sourcing, and technical support: The project will introduce and pilot a digital platform (yet to be selected) to help VACPA communicate with its farmers for Knowledge sharing, sourcing, and technical support which would strengthen its relationships with local farmers, assist farmers in managing their farm, provide traceability, improve efficiency in onsite data collection including yields forecasting, and reduce challenges of communication and mobility.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
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*Contact information not provided at the time of disclosure*

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