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Add to Preferred SourcesThe World Bank Board of Executive Directors approved a $25 million grant from the International Development Association (IDA) to finance the Agriculture Recovery and Agribusiness Development Support Project (ARADSP) in the Central African Republic.
The project aims to increase the agricultural productivity of small-scale farmers; strengthen the capacity of micro, small, and medium agribusiness enterprises; and provide an immediate and effective response in the event of a crisis or emergency.
Jean-Christophe Carret, World Bank Country Director for the Central African Republic, notes, “In a country where 80% of the population depends on agricultural activities as the primary source of income, strengthening communities’ economic resilience by developing agriculture is of critical importance to the Central African Republic. In the short term, the main challenge is to boost productivity, increase agricultural production, and decrease food insecurity.”
The ARADSP is composed of four components: (i) development of productive infrastructure and competencies for agriculture and rural entrepreneurship; (ii) improvement and maintenance of public infrastructure; (iii) improvement of the quality of agriculture public services and project management; and (iv) contingency emergency response.
The targeted project intervention zones are (i) Ouham and Ouham-Pendé regions in the north-western part of the country; (ii) Bamingui Bangoran and Vakaga regions in the north-eastern part; and (iii) Ouaka around Bambari in the central corridor. The periurban zone of Bangui will benefit from targeted interventions.
The main beneficiaries of the project will be 20,000 households of small-scale farmers located in periurban zones, approximately 40 micro, small, and medium agribusiness enterprises, and 600 farmers’ groups (associations or cooperatives) in the project zone.
Original source: World Bank
Published on 17 May 2019