Groundnut Competitiveness and Agriculture Diversification Program For Results (WB-P164967)

Countries
  • Senegal
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.
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
Feb 14, 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
REPUBLIC OF SENEGAL
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)
$ 150.00 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)
$ 225.00 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 29, 2018

Disclosed by Bank Sep 28, 2018


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Project Description
<div style="left: 120.04px; top: 454.483px; font-size: 18.4px; font-family: sans-serif; transform: scaleX(0.892546);">The Development Objectives of the proposed Program are to improve the competitiveness of the groundnut value chain and to increase the resilience to climate and market risks of farmers and herders in the Groundnut Basin.This is further broken down into four specific objectives including;</div> <div style="left: 120.04px; top: 454.483px; font-size: 18.4px; font-family: sans-serif; transform: scaleX(0.892546);">(i) Increased agricultural production and productivity with the following activities. This objective aims to sustainably increase agricultural production and productivity through diversified and qualitative products, able to meet the consumption needs of the population, to provide raw materials for the domestic processing industry and to be competitive in international and regional markets</div> <div style="left: 120.04px; top: 454.483px; font-size: 18.4px; font-family: sans-serif; transform: scaleX(0.892546);">(ii) Diversified agricultural production systems.This objective aims at developing diversified agricultural value-chains, taking full advantage of the various agro-ecological zones of the country, in order to give rural populations more income opportunities, in particular through increased support to high added-value agricultural value-chains</div> <div style="left: 120.04px; top: 155.033px; font-size: 18.4px; font-family: sans-serif; transform: scaleX(0.924729);">(iii) Strengthened agricultural services framework. This objective aims at developing agricultural and rural research, training and advice, facilitate farmers&rsquo; access to finance and creating a regulatory environment conducive to private sector investments;</div> <div style="left: 120.04px; top: 155.033px; font-size: 18.4px; font-family: sans-serif; transform: scaleX(0.924729);">(iv) Improved agriculture sector governance facilitating the dialogue between all relevant stakeholders to ensure an efficient implementation of the sector&rsquo;s development policies</div>
Investment Description
  • World Bank (WB)
Contact Information
Dr Dogo SECK
Ministry of Agriculture and Rural Equipment
Secretary General
dogo.seck@maer.gouv.sn

ACCOUNTABILITY MECHANISM OF WORLD BANK

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