IFAD loan of US$18.5 million will boost food security and raise incomes of farmers in Côte d’Ivoire

Over 32,500 rural households in the Bagoué, Poro, Tchologo, Hambol, and Gbêkê regions will benefit from a financial agreement signed between the International Fund for Agricultural Development (IFAD) and Cote d’Ivoire to increase the incomes and food and nutrition security of rural households. The programme will promote market-oriented agriculture and help farmers add value to their products, as a way to reduce rural poverty and stimulate economic growth in the programme areas.

The financing agreement for the Agricultural Value Chains Development Programme (PADFA) was signed in Rome by Gilbert F. Houngbo, President of IFAD, and Seydou Cissé, Permanent Representative of the Republic of Côte d’Ivoire to FAO, IFAD, and WFP.

The total cost of the programme is US$71.8 million, including a $18.5 million loan from IFAD. The project will be co-financed by the OPEC Fund for International Development ($19 million), the Government of Côte d’Ivoire ($4.2 million), and the beneficiaries themselves ($10.2 million), with $19.9 million to come from other sources.

In Côte d’Ivoire, agricultural development projects have traditionally concentrated on boosting productivity, but insufficient investments have been made in post-harvest activities such as conservation, processing, and marketing. The IFAD-funded Support to Agricultural Production and Marketing Project (PROPACOM) and other projects have introduced hydro-agricultural improvements and invested in disseminating improved farming technologies. Drawing lessons learned from the experience of these projects, PADFA will ensure continuity with PROPACOM and scale up tangible results while introducing further innovations.

PADFA will concentrate on improving packaging, storage, processing, and marketing, and will expand the supply of rice, vegetables, and mango. These agricultural products were selected on the basis of economic value, profitability, and competitiveness, as well as domestic and international market demand. In addition, they will have a potential impact on farm household incomes, particularly among young people and women, and will contribute to the national economy through import substitution and higher exports, and to food security and better nutrition.

PADFA will work with various players in the value chain of the target agricultural products, including the private sector to increase income of the smallholder producers by identifying areas where efficiency, productivity, and quality can be improved. To increase their incomes, smallholders need both to create a surplus for sale and to develop the post-harvest capacities that will enable them to reach a market. PADFA will help producers connect to the value chains for their respective products.

Since 1984, IFAD has financed 11 rural development programmes and projects in Côte d’Ivoire for a total cost of $411.8 million, with an IFAD investment of $178.4 million directly benefiting 585,500 rural households.

Original source: IFAD
Published on 27 March 2018