Project

Rural Enterprises and Agricultural Development Project (READP)

Sector

Rural development

Financing chart
Financing Gap (USD)
12,740,837
Target group
8,650
Households
Project target area

5 clusters each from both the Republika Srpska and Federation of Bosnia and Herzegovina selected by geographical targeting approach.

 
Summary
Rural Enterprises and Agricultural Development Project (READP) aims to contribute to rural economic development and poverty reduction by improving livelihoods, generating revenue and enhancing the living standards of the target households. Its development objective is to increase the income of poor rural households and young people by engaging them in profitable agribusiness and employment opportunities. The geographical targeting approach selects project target areas that are both underdeveloped and have suitable conditions for developing the value chains for the project-supported crops. It also emphasizes unemployed rural youth and women headed households.
Components and Objectives
READP has two main components:
Component 1: Enhancement of economic opportunities and smallholders integration in value chains. It aims at improving productivity, marketing of produce and profitability, supported by development of farmers’ organisations, enabling infrastructure development, and implementation of pro-poor business plans.
Component 2: Coordination and management. It aims at strengthening project management and monitoring and evaluation activities.
Financing

Total project cost

46,800,000

IFAD financing
 

31.0 %
14,501,008
14,501,008
IFAD

International cofinancing

0.0 %
0

National cofinancing

41.8 %
19,558,155
3,877,433
Beneficiaries
7,588,795
Local Private Sector
2,888,392
Local Government
5,203,535
National Government

Financing
gap

27.2 %
12,740,837

Approval date

April 13, 2018

Expected duration

2018 –
2026

Lending terms

Ordinary

Income level

Upper-middle Income

Replenishment cycle

IFAD 11

Implementing agency

Federal Ministry of Agriculture, Water Management and Forestry; Ministry of Agriculture, Forestry and Water Management of the Republika Srpska

Contact information

Country Director: 
Roberto 
Longo 
Email: r.longo@ifad.org