Agricultural Productivity and Diversification Additional Financing (WB-P160029)

Countries
  • Benin
Where the impacts of the investment may be experienced.
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.
Project Status
Active
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
Apr 14, 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.
Borrower
REPUBLIC OF BENIN
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 Amount (USD)
$ 45.00 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)
$ 58.45 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 Aug 14, 2017

Disclosed by Bank Dec 1, 2016


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Project Description
The objective of the Additional Financing (AF) for the Agricultural Productivity and Diversification Project (PADA) is to restore and improve productivity and value addition for selected value chains in the Recipients’ territory. The AF will be used to support Benin in consolidating and scaling-up the achievements of the initial project and strengthen the project focus on income generating activities and improving nutritional status of poor households. As in the original project, the AF will continue supporting the: (i) promotion of large-scale adoption of improved technologies (production, post-harvest, processing and storage), including climate-smart production systems, to reduce vulnerability of farming activities to climate change and weather vagaries of farming activities; (ii) development of production and market infrastructure to enhance productivity through efficient water management, reduction of post-harvest losses and better access to market through warehouses and other facilities; (iii) support to value chain coordination and access to finance through sustainable use of the financial management instruments set up under the original project; (iv) institutional support to the Ministry of Agriculture and other stakeholders in the sector (civil society and producers’ organizations) with a particular focus on capacity building. At the same time, the AF will introduce new activities, particularly with respect to: (a) support to poultry, sheep and goats with an emphasis on improved breed stock, animal health, improved shelter and animal production systems; and (b) transformation of existing successful micro-projects into small and medium enterprises (SMEs) to create more jobs, especially for youth and women. The parent project is Agricultural Productivity and Diversification (P115886)
Investment Description
  • World Bank (WB)
Contact Information
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