Eritrea - Drought Resilience and Sustainable Livelihoods Programme V (DRSLP-V) (AFDB-P-ER-AAZ-001)

Countries
  • Eritrea
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
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Nov 26, 2019
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Government of Eritrea
The holder of the loan, grant, or other investment.
Sectors
  • Agriculture and Forestry
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 24.12 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ AFDB website

Updated in EWS Sep 11, 2020


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Project Description

According to bank documents, Acche Drought Resilience and Sustainable Livelihoods Programme V (DRSLP-V) is part of the Bank's efforts to support the State of Eritrea in the implementation of its National Indicative Development Plan (NIDP) whose objectives are to: (i) accelerate economic growth, (ii) reduce rural poverty, (iii) improve food and nutrition security, and (iv) increase exports and decrease imports. The Project is therefore a direct response to GoSE's desire to enhance agricultural productivity and reduce climate vulnerability by promoting rainwater harvesting through construction of masonry dams and make the sector more dynamic through active participation in agribusiness for job creation. DRSLP V is designed in the form to be part and continuation of multinational Investment Projects, including DRSLP II and DRSLP IV with the main aim of supporting Agricultural infrastructure development (civil works) as an enabler of scaling up of high value crop production, provision of household portable water facilities, value chain development, skill development in Agribusiness, and capacity building activities. The programme is as an enabler and facilitator to address the problems of food and nutrition insecurity, post-harvest losses, high rate of unemployment and inadequate Micro, Small and Medium Enterprises (MSMEs) in the agricultural sector. Its implementation is structured around four components namely (i) Infrastructure Development & Integrated Natural Resources Management, (ii) Livelihood Diversification, Market Linkages, Agro Processing, and Value Additions (iii) Livestock & Plant Production and Health, and, (iv) Project Management and Institution Strengthening. The total project cost with contingencies is (UA19.135 million).

The main objective of the project is to contribute to food and nutrition security and sustainable economic development. The specific project objectives are; (i) to improve crop and livestock production and productivity leading to improved net farm incomes of the project beneficiaries, (ii) to expand opportunities in agriculture and agribusiness to rural Eritrea as a means to advance rural livelihoods and economic development, and (ii) to enhance import substitution through improved value additions and agro processing.

Investment Description
  • African Development Bank (AFDB)
Contact Information

NUWAGIRA Asaph
a.nuwagira@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/