DRC – The Democratic Republic of Congo (DRC) and the United Nations International Fund for Agricultural Development (IFAD) have signed an agreement to finance the North Kivu Agriculture Sector Support (PASA-NK) project.
The project aims at raising incomes while boosting the country’s food security.
It targets poor farmers and women-headed households in the region, benefitting some 28,400 rural households.
The total cost of the project is estimated at just under US$53 million. The funding is comprised of a $16.9 million IFAD loan and an additional $16.9 million IFAD grant.
The government of DRC will contribute nearly $6 million while beneficiaries will provide an additional $3.5 million.
In addition, the Government of DRC is seeking cofinancing of $9.7 million from other donors.
The agreement was signed in Rome by, and by.
The signing follows the IFAD President’s visit to the country last year when the project approval and implementation were discussed with government officials.
“Considering the amount of rainfall and arable land, the country’s agricultural sector has considerable potential to expand and flourish if the right investments and commitments are made,” said Kanayo F. Nwanze, President of IFAD Nwanze at the signing ceremony with Henri Yav Mulang, Minister for Finance of the Democratic Republic of Congo.
The project will focus on building the capacity of farmers, farmer’s organizations and provincial agricultural services involved in maize, rice, potato and Arabica coffee value chains.
It will ensure that the agricultural services farmers receive from producers’ organizations are adequate and meet their needs.
Furthermore, the project will improve smallholder farmers’ access to agricultural inputs, such as fertilizers and certified seeds, and their access to markets. It will assist farmers' organizations in building storage facilities and warehouses to assist farmers in selling their products at a higher price.