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Rural Agro-enterprise Partnerships for Inclusive Development and Growth

Capitalizing on market opportunities for rural poverty reduction requires investments in associated agricultural value chains. The proposed Rural Agroenterprise Partnerships for Inclusive Development and Growth Project (RAPID Growth) will provide critical public goods and services needed for the development of collaborative frameworks and financing facilities that improve agricultural performance and reduce rural poverty and malnutrition. Upgrading value chains entails: linking agroenterprises with smallholders; improving smallholders’ access to productive capital, knowledge and technology; and improving agroenterprises’ access to agricultural produce of sufficient quality and quantity, as well as to investment capital. 
Status: Ongoing

Country

Philippines

Approval Date

17 April 2018

Duration

2018 - 2025

Sector

Credit and Financial Services

Total Project Cost

US$ 95.12 million

IFAD Financing

US$ 65.4 million

Co-financiers (Domestic)

Private sector local US$ 2.84 million

Domestic Financing Institutions US$ 12.44 million

Beneficiaries US$ 2.07 million

National Government US$ 10.78 million

Financing Gap

US$ 1.6 million

Financing terms

Ordinary

Project ID

2000001200

Project Contact

Alessandro Marini


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