Agricultural Credit and Export Promotion Project

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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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