Liberia to Increase Productivity, Market Access for Farmers, Agri-Enterprises

Monrovia — The World Bank Board has approved a new financing to increase productivity and market access for smallholder farmers and agri-enterprises in Liberia.

This new financing targets 60,000 persons, 50 percent of whom are women, mainly smallholder farmers and agri-entrepreneurs (private agribusiness investors, cooperatives, and SME processing or providing other services to agri-food systems) who are engaged in the selected value chains.

Funded by the International Development Association (IDA), this US$55 million credit financing will seek to address challenges for developing agri-food value chains and pave the way for rural economic transformation.

This Rural Economic Transformation Project (RETRAP) will use a multi-level approach to strengthen critical institutions responsible for overseeing the development of the agricultural sector and provide key services for producers and processors, according to a World Bank release issued in Monrovia.

It said RETRAP will also build capacity at various stages of the value chain and support investment with new technologies and practices to increase productivity and ensure resilience to climate change.

“This new project fulfills the Bank’s commitment to support Liberia in transforming the agriculture sector by scaling up the level of financing and deploying the resources in a holistic way, including through an intervention for improving rural road infrastructure,” said Dr. Khwima Nthara, World Bank Country Manager in Liberia.