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Market for Village Farmers Project - Maket Bilong Vilis Fama

Papua New Guinea is a relatively young state, which became independent in 1975. About 40 per cent of the population lives under the poverty line. Agriculture employs 80 per cent of the economically active population, but it is still predominantly subsistence rather than commercial level agriculture.

The MVF aims at improving the livelihoods of farming households by facilitating their transition to market-oriented production and farming as a business. It will support the development of sustainable business partnerships, where farmers will have secure and remunerative market options and buyers will obtain a reliable and consistent supply of vegetables and other fresh produce. The project will target six provinces of Papua New Guinea: Western Highlands, Jowaka, Simbu, Eastern Highlands, Morobe and East New Britain. Around 25,000 farming households (approximately 125,000 people) will directly benefit from the project's work.

President’s report

Proposed loan to the Independent State of Papua New Guinea for the Markets for Village Farmers Project – Maket Bilong Vilis Fama

Arabic | English | French | Spanish

 

Status: Ongoing

Approval Date

14 September 2017

Duration

2017 - 2024

Sector

Marketing/Storage/Processing

Total Project Cost

US$ 50.26 million

IFAD Financing

US$ 25.5 million

Co-financiers (International)

Co-financiers US$ 4.22 million

Co-financiers (Domestic)

Beneficiaries US$ 1.21 million

National Government US$ 2.85 million

Other Government US$ 13 million

Financing Gap

US$ 3.47 million

Financing terms

Blend

Project ID

2000000899

Project Contact

Ivan Ramiro Cossio Cortez


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Project design reports

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