WASHINGTON, June 4, 2009 - The World Bank’s Board of Executive Directors today approved the following project:   IDA Credit: SDR 7.2 million (US$10.7 million equivalent) Terms:  Maturity = 40 years; Grace period = 10 years IDA Grant: SDR 6.3 million (US$9.3 million equivalent) Project Description:  The project will improve the competitiveness of smallholder farmers and the agribusiness sector in selected commodity value chains in 25 districts. This will be achieved by: (i) helping farmer groups and cooperatives engage in profitable market-oriented production and improving access to markets through the provision of technology and information services and critical public infrastructure and linkages to agribusiness; (ii) creating and strengthening industry-wide partnerships along the value chain, thus forging linkages between producers, traders, processors, and other stakeholders; and (iii) reducing existing obstacles to agriculture and food trade, thereby increasing the ability of farmers and agribusiness to respond to sanitary and phytosanitary and food-quality standards to meet domestic and international market requirements.  Media Contact: Jan Erik Nora (202) 458 4735 enora@worldbank.org  For more project information, please visit:
http://web.worldbank.org/external/projects/main?pagePK=64283627&piPK=73230&theSitePK=40941&menuPK=228424&Projectid=P087140 |
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