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Sustaining Poverty Reduction through Agribusiness Development in South Shaanxi

Though China has drastically reduced poverty over the last 40 years, according to China’s National Bureau of Statistics, some 30 million people in rural areas are still living below the poverty line. They often live in remote areas with few options to improve their incomes and living conditions including limited access to finance or markets.

The new IFAD-supported Sustaining Poverty Reduction through Agribusiness Development in South Shaanxi Project aims to reduce poverty and increase smallholder farmers’ incomes by improving access to finance and new markets – including helping farmers to benefit from the growing urban demand for safe, high-quality food. The project will provide agribusiness enterprises incentives to engage with smallholder farmers by laying the groundwork for fair and mutually beneficial contractual arrangements. 

The project aims to reduce poverty and improve incomes for 339,561 smallholder farmers in the Qinba Mountains in south Shaanxi by increasing their access to finance and market opportunities. The project aims to contribute to China's goal of eradicating rural poverty by 2020.

Status: Ongoing

Country

China

Approval Date

17 April 2018

Duration

2018 - 2023

Sector

Credit and Financial Services

Total Project Cost

US$ 256.7 million

IFAD Financing

US$ 72 million

Co-financiers (Domestic)

Private sector local US$ 101.9 million

Beneficiaries US$ 3.3 million

National Government US$ 79.5 million

Financing terms

Ordinary

Project ID

2000001184

Project Contact

Matteo Marchisio


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Supervision and implementation support documents

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