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Agricultural Credit and Export Promotion Project

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.

The project worked to:

  • 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


Status: Closed

Country

Zimbabwe

Approval Date

06 December 1989

Duration

1989 - 1996

Sector

Credit and Financial Services

Total Project Cost

US$ 116.9 million

IFAD Financing

US$ 15 million

Co-financiers (International)

Arab Bank for the Economic Development of Africa US$ 9.7 million

Japan US$ 1.8 million

World Bank: International Bank for Reconsruction and Development US$ 36.3 million

Co-financiers (Domestic)

Domestic Financing Institutions US$ 14.7 million

National Government US$ 23.5 million

Beneficiaries US$ 8.7 million

Other Domestic US$ 7 million

Financing terms

Intermediate

Project ID

1100000248


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