Agricultural Development and Market Access Support Project
The Government of Benin has focused on a value chain approach to bring about economic growth and improved food security in the country. Priority is being placed on rice, maize and cassava. PADAAM aims to contribute to the Government strategy to reduce food imports and increase value addition so as to improve the competitiveness of these products in national, regional and international markets.
PADAAM will target 51,000 households in the departments of Atlantique, Collines, Couffo, Mono, Ouémé, Plateau and Zou. Critical among the target value chain actors are women and young people, who will account for 40 per cent and 30 per cent of the beneficiaries, respectively, to create employment opportunities and increase incomes while promoting food and nutrition security. In addition, PADAAM will focus on derisking agriculture through adaptation to climate change and putting in place an insurance scheme that primarily targets smallholder farmers.
Country
Approval Date
13 September 2018
Duration
2018 - 2025
Sector
Rural Development
Total Project Cost
US$ 97.61 million
IFAD Financing
US$ 31.04 million
Co-financiers (International)
Swiss Agency for Development and Cooperation US$ 1.5 million
OPEC Fund for International Development US$ 9.98 million
Co-financiers (Domestic)
Private sector local US$ 5.6 million
Beneficiaries US$ 3.31 million
National Government US$ 9.77 million
Other Local US$ 1.28 million
Financing Gap
US$ 25.14 million
Financing terms
DSF Grant/Highly Concessional
Project ID
2000001073
Project Contact
President's report
President’s report - Agricultural Development and Market Access Support Project
Region: West and Central Africa