GUINEA BISSAU - Value Chains, Agricultural and Rural Entrepreneurship Support Project (PACVEAR-GAFSP) - Additional Financing (AFDB-P-GW-AA0-014)

Regions
  • Africa
Geographic location where the impacts of the investment may be experienced.
Countries
  • Guinea-Bissau
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • African Development Bank (AFDB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
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
Apr 29, 2024
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
Government of Guinea-Bissau
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Agriculture and Forestry
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Grant
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 12.05 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.
Grant Amount (USD)
$ 12.05 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 @ AFDB website

Updated in EWS Jul 18, 2024


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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.

As stated by the AfDB, the original project provided for the development of 660 hectares of rice farms and 60 hectares of vegetable farms. Technical studies indicated an overrun of about 30% in the cost of hydro-agricultural works, stemming from:(i) price hike striggered by the effects of Russia’s invasion of Ukraine and the COVID 19 pandemic; (ii) technical options for developing the lowlands (dyke height and length) and vegetable farms (solar energy and fencing to keep off stray animals); and (iii) inclusion of the Binhoni lowlands (180 ha) and 20 ha of vegetable farms that had not been developed under the PDCV-Riz project due to the lack of financial resources. These new works will be financed with ADF16 resourcesas requested by the Government.

The additional financing (AF) should make it possible to achieve the objectives and outcomes of the original project. Specifically, it would impact around 2,500 smallholder farmers and benefit 76,700 school children. It will help to improve literacy rate in the project area by increasing school enrolment by 3% and school attendance from 95% to 97%. The AF will also enable the additional production of 2,580 tonnes of rice and 1,200 tonnes of vegetables (onion, tomato, cabbage, carrot, okra, pepper, etc.).

Under the original project, support was provided,on a pilot basis,to three school canteens through information, sensitisation and education activities on nutrition, hygiene and preventing the resurgence of water-borne diseases. The additional financing will make it possible to scale up support for school canteens throughout the project area and in the Quinara region, thanks to WFP which is implementing the Local School Nutrition Programme (HGSF). This programme, pursuant to Decree-Law No. 1/2019 to regulate school nutrition services, was launched in 2020 after the implementation of a pilot phase in the Cacheu and Ohio regions.

Specifically, PACVEAR will benefit many rural producers who would have easier access to facilities, inputs and equipment, and probably sell their produce more easily and at reduced cost. Project activities will focus on two highly vulnerable target groups in rural areas - women and youths. The project will directly benefit 4 400 households/farmers, or 35 000 people, at least 13 000 of them women. It will indirectly benefit all households in the three regions concerned through the outcomes of its activities and transformational investments. From the institutional viewpoint, the project will involve some 110 FOs, unions, EIGs and management committees. The implementation of project activities will create 2 800 decent jobs (for men, women and youths).

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

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

AfDB Team Leader:

Aimé BICABA
Email: a.bicaba@afdb.org

ACCOUNTABILITY MECHANISM OF AfDB

The Independent Review Mechanism (IRM), which is administered by the Compliance Review and Mediation Unit (CRMU), is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an African Development Bank (AfDB)-financed project. If you submit a complaint to the IRM, it may assist you by either seeking to address your problems by facilitating a dispute resolution dialogue between you and those implementing the project and/or investigating whether the AfDB complied with its policies to prevent environmental and social harms. You can submit a complaint electronically by emailing crmuinfo@afdb.org, b.kargougou@afdb.org, b.fall@afdb.org, and/or s.toure@afdb.org. You can learn more about the IRM and how to file a complaint at https://www.afdb.org/en/independent-review-mechanism/.

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