OECS Regional Agriculture Competitiveness Project (WB-P158958)

Financial Institutions
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Bank Risk Rating
B
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
May 25, 2017
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.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 8.30 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 9.66 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ WB website

Updated in EWS Nov 3, 2017

Disclosed by Bank Jan 1, 2017


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Project Description
The development objective of Regional Agricultural Competitiveness Project for OECS countries is to enhance access to markets and sales for competitively selected farmers and fishers, as well as their allied aggregators and agro-processors, in Grenada and St. Vincent and the Grenadines. This project has four components. 1) The first component, Support for Preparation of Business Plans, aims to: (a) promote an understanding of the Project’s scope and objectives through outreach to potential stakeholders and beneficiaries (such as individual and organized Farmers and fishers (FFs), Aggregators and Agro-processors (AAs), buyers, and lenders); (b) identify potential business opportunities for prioritized value chains and their translation into viable and profitable business proposals; and (c) prepare full business plans for selected proposals. 2) The second component, Implementation of Business Plans, aims to provide matching grants to co-finance the implementation of technically feasible, financially viable, economically profitable, socially responsible, and environmentally sustainable business plans, which, when implemented, will contribute to a consistent and timely supply of sufficient quantities of quality produce to buyers while providing a reliable income to allied FFs. 3) The third component, General Agricultural Services and Enabling Environment, aims to strengthen general agricultural public services directly linked to the subprojects described in Component 2 and needed to enhance the probability of success. 4) The fourth component, Project Management, Monitoring, and Evaluation, aims to ensure effective project implementation, monitoring of activities and final project evaluation.
Investment Description
  • World Bank (WB)
Contact Information
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