Project

Programme to Strengthen Sustainable Entrepreneurship and Economic Integration of Rural Youth (PROGRES)

Sector

Youth Entrepreneurship

Financing chart
Financing Gap (USD)
20,000,000
Target group
130,000
Households
Project target area

12 regions: Melaky, Bongolava, Menabe, Amoroni Mania, Haute Matsiatra, Vatovavy Fitovinany, Atsimo Andrefana, Ihorombe, Atsimo Atsinanana, Anosy, Androy

 
Summary
The Programme for Strengthening Sustainable Entrepreneurship and Economic Integration of Rural Youth (PROGRES) aims to contribute to poverty reduction and food system transformation in rural communities through promote inclusive, equitable and sustainable youth entrepreneurship, notably through climate-resilient value chain development. It will enable young women and men to develop sustainable enterprise development in the agribusiness environment; ensure a conducive environment for these enterprises, notably through access to land, other assets, infrastructure for better production and market access as well as improve the capacities of stakeholders to facilitate food systems transformation.
Components and Objectives
PROGRES has three complementary and mutually reinforcing components:
Component 1: Rural youth entrepreneurship development. It aims to provide youth and women with the means to tap into entrepreneurship opportunities in agricultural VCs, based on production potential and market opportunities.
Component 2: Pro-poor, climate-resilient and nutrition-sensitive food systems development. It aims to integrate 75,000 households into climate-resilient and nutrition-sensitive food systems.
Component 3: Institutional strengthening and programme management. It aims to support the formulation of related policies including the “National Agricultural Development Plan”, laws and regulations, and to finance Programme coordination, monitoring and evaluation (M&E), knowledge management (KM) and communication.
Financing

Total project cost

117,000,000

IFAD financing
 

71.4 %
83,502,000
83,502,000
IFAD

International cofinancing

0.0 %
0

National cofinancing

11.5 %
13,498,000
9,001,500
National Government
4,496,500
Beneficiaries

Financing
gap

17.1 %
20,000,000

Approval date

December 13, 2022

Expected duration

2022 –
2031

Lending terms

Highly Concessional

Income level

Low Income

Replenishment cycle

IFAD 12

Implementing agency

Ministry of Agriculture and Livestock

Contact information

Country Director: 
Joseph R. 
Olinga Biwole 
Email: j.olingabiwole@ifad.org