Côte d’Ivoire: IFAD grants $18.5 for agricultural processing and marketing
Wednesday, 28 March 2018 19:12
Yesterday March 27, the International Fund for Agriculture Development (IFAD) disbursed $18.5 million as loan for the Agricultural Value Chain Support Program (PADFA) which will be implemented in Côte d'Ivoire.
The agreement was initialed by Gilbert Houngbo (photo), IFAD’s chairman, and Seydou Cissé, Ambassador and Permanent Representative of Côte d'Ivoire to IFAD, FAO and WFP.
Valued at $71.8 million, PADFA is designed to foster the emergence of commercial agriculture and improve rural households’ income.
It will focus on increasing volume of rice, mangoes, and vegetables as well as improve post-harvest operations such as packaging, storage, processing and marketing.
This program which will last 7 years (2018-2024) targets more than 32,500 rural households in the Bagoué, Poro, Hambol Gbêkê and Tchologo regions.
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