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Agricultural Value Chain Development Project

Agricultural Value Chain Development Project (AVDP)

Agriculture is the largest sector of Sierra Leone’s economy. It accounts for 62 per cent of the country’s labour force, 59 per cent of its GDP and 22 per cent of its export revenues. However, poverty is particularly acute and concentrated in rural areas, where 59 per cent of the population lives. The Agricultural Value Chain Development Project (AVDP) will increase production and improve the marketing of rice, palm oil, cocoa and vegetables, contributing to the Government’s priorities of rice self-sufficiency, crop diversification and rural poverty reduction.

The AVDP will invest in agricultural mechanization, irrigation and water management. It will strengthen and climate-proof rural infrastructure through the rehabilitation of feeder roads and warehouses to improve product drying and storage capacity. It will also build the capacity of smallholder farmers through farmer field schools and provide them with credit for their investments in smallholder farms. About 34,000 vulnerable rural households will benefit from the project, and at least 40 per cent of the project’s participants will be women and youth.

Status: Ongoing

Country

Sierra Leone

Approval Date

08 December 2018

Duration

2018 - 2025

Sector

Agricultural Development

Total Project Cost

US$ 101.17 million

IFAD Financing

US$ 40.29 million

Co-financiers (International)

OPEC Fund for International Development US$ 20 million

Adaptation Fund US$ 9.16 million

Co-financiers (Domestic)

Private sector local US$ 1.42 million

Beneficiaries US$ 1.35 million

National Government US$ 8.08 million

Financing Gap

US$ 8.55 million

Financing terms

DSF Grant/Highly Concessional

Project ID

2000001544

Project Contact

Jakob Tuborgh


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President's report

President’s Report - Agricultural Value Chain Development Project

Type: Programme and project document
Region: West and Central Africa

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