Project

Agricultural Value Chain Development Project (SL-AVDP)

Sector

Agricultural development

Financing chart
Financing Gap (USD)
5,015,977
Target group
260,000
people
Project target area

16 districts of the country

 
Summary
The Agricultural Value Chain Development Project (AVDP) will be implemented over six years with the overall goal of improving livelihoods, food security and climate resilience of rural farming households. The project’s development objective is to increase incomes for smallholder farmers through the promotion of agriculture as a business. The AVDP will target an estimated 43,000 direct beneficiaries and their families, thereby reaching approximately a total of 260,000 people. The project will be financed by IFAD, the Adaption Fund, the OPEC Fund for International Development (OFID), the private sector, the Government of Sierra Leone (GoSL) and beneficiaries.
Components and Objectives
SL-AVDP has three components:
Component1: Climate Resilient and Smart Agricultural Production. The outcome of this component is that volume and value of production is increased, and production systems are made more climate resilient.
Component2: Agricultural Market Development. The expected outcome of this component is the improved performance and organization of the selected value chains for the increased smallholder production and productivity.
Component3: Project coordination and management. The implementation of AVDP will be anchored within the National Programme Coordination Unit (NPCU) and the Ministry of Agriculture (MAF) at the district level. At the NPCU level, the project will provide for staff (many of whom are expected to be drawn from the merged NPCU and Smallholder Commercialization Programme – Global Agriculture and Food Security Programme (SCP-GASFP)), vehicles, office equipment and supplies, and operational costs.
Financing

Total project cost

102,179,655

IFAD financing
 

51.5 %
52,613,715
52,613,715
IFAD

International cofinancing

24.8 %
25,289,963
1,149,940
Rural Poor Stimulus Facility
9,140,023
Adaptation Fund
15,000,000
OPEC Fund for International Development

National cofinancing

18.9 %
19,260,000
3,336,000
Beneficiaries
1,424,000
Private Sector Local
14,500,000
National Government

Financing
gap

4.9 %
5,015,977

Approval date

December 9, 2020

Expected duration

2018 –
2025

Lending terms

Highly Concessional

Income level

Low Income

Replenishment cycle

IFAD 11

Implementing agency

Contact information

Country Director: 
Pascaline 
Barankeba 
Email: p.barankeba@ifad.org