Agricultural Credit and Export Promotion Project - IFAD
Agricultural Credit and Export Promotion Project
Zimbabwe
Credit and Financial Services
06 December 1989
1989 - 1996
1100000248
Agricultural Credit and Export Promotion Project
The project was designed to complement the National Agricultural Extension and Research project. Its goal was to expand the availability of credit and input supplies to smallholders in communal areas. The communal areas were resettled after independence, when disadvantaged members of society – refugees, the unemployed or landless – were allocated plots of government-purchased land to farm. The main crops grown in these areas are maize, cotton, sorghum, millet and groundnuts.
- help strengthen farmer groups to improve their effectiveness as grass-roots institutions
- ensure that women participated fully in farmer groups and other project activities
- increase production of food, cash and export commodities
- expand and improve cotton processing and post-harvesting facilities
- research the expansion of horticultural products for export markets
Source: IFAD
Additional Data
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Total Project Cost
US$ 116.9 million
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IFAD Financing
US$ 15 million
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Financing terms
Intermediate
Co-financiers (International)
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Arab Bank for the Economic Development of Africa
US$ 9.7 million
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Japan
US$ 1.8 million
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World Bank: International Bank for Reconsruction and Development
US$ 36.3 million
Co-financiers (Domestic)
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Domestic Financing Institutions
US$ 14.7 million
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National Government
US$ 23.5 million
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Beneficiaries
US$ 8.7 million
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Other Domestic
US$ 7 million
