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Burkina Faso,United States : World Bank Supports Burkina Fasos Efforts to Increase Agricultural Productivity for Small Producers and Agribusinesses
Publish Date : 06-Sep-2019
The World Bank approved an International Development Association (IDA)credit of $200 million to Burkina Faso to increase agricultural productivity and market access for small producers and agribusiness small and medium enterprises (SMEs).
The Agriculture Resilience and Competitiveness Project will benefit the smallholder crop farmers, processors, traders and marketers for selected value chains in project areas. The project will also give preferential treatment to women and youth, particularly in agriculture training and services, as well as funding of investment initiatives. These include mango drying and shea nut collection and processing.
The project is aligned with the World Bank Group Country Partnership Framework and our priorities related to poverty reduction and climate change mitigation and adaptation, said Cheick Kant, World Bank Country Manager for Burkina Faso. Particularly, it will help improve agriculture productivity and competitiveness of agri-food value chains.
This project will fill three main gaps of the agriculture sector, infrastructure, public agriculture services and financing. It will improve access to irrigation services, the connection of production areas to markets and provide support to producers through strengthened agriculture advisory services, and access to finance for private sector initiatives.
Through this project, provision of irrigation and drainage services is expected to provide a major boost to the yields of the selected crops and achieve a quantum difference in the level of production, said Nicolas Ahouissoussi and Juvenal Nzambimana, co-Task Team Leaders for the project.
It is aligned with the World Bank Groups goals of ending extreme poverty and boosting shared prosperity, and with the countrys national economic and social development plan for the period 2016-2020, which places high importance on the structural transformation of the economy with agriculture playing the key role as a driver of inclusive growth.
