Project

Agricultural Emergency Support Project (AESP)

Sector

Agricultural development

Financing chart
Financing Gap (USD)
9,588,409
Target group
40,000
households
Project target area

Nationwide

 
Summary
The overall goal of the project is to contribute to building the resilience and enhance the livelihood of the rural populations by rebuilding the food system during and after the shocks of the COVID-19 pandemic and reduce rural poverty. It will address the immediate impact of COVID-19 on rural people by supporting their urgent food needs and invest in medium and long-term agricultural and rural development.
Components and Objectives
AESP has three components:
Component1: Ensure food and nutritional security and build resilient livelihoods. The project will provide financial and technical support, as agricultural inputs based on climate-smart and agro-ecological technologies (organic fertilizer, biopesticide, improved seeds, water, fingerlings, chicks, etc.)
Component2: Enhance access to sustainable financial services and markets. This component will support the target beneficiaries enhance their market opportunities. It will strengthen their linkages with the market, put in place marketplace and storage facilities.
Component3: Project management and coordination. Using a light Project Coordination Unit (PCU), the AESP will be under the supervision of the Ministry of Economy and Finance (MEF) that will work with the Ministry of Agriculture and Rural Development (MINADER), the Ministry of Animal and Water Resources, the Ministry of Rice Promotion and the Ministry of Environment. IFAD and the Government will carry out joint supervision missions.
Financing

Total project cost

50,982,537

IFAD financing
 

35.0 %
17,840,000
17,840,000
IFAD

International cofinancing

41.4 %
21,114,128
16,955,728
Green Climate Fund
658,400
Rural Poor Stimulus Facility
3,500,000
ASAP1 Reprogrammed Funds

National cofinancing

4.8 %
2,440,000
1,420,000
Beneficiaries
1,020,000
National Government

Financing
gap

18.8 %
9,588,409

Approval date

Approved in 2021

Expected duration

2021 –
2024

Lending terms

Blend

Income level

Low Income

Replenishment cycle

IFAD 11

Implementing agency

Ministry of Economy and Finance (MEF)

Contact information

Country Director: 
Hermann 
Messan 
Email: f.messan@ifad.org
Mobile: 
+225-787741999