World association

The World Bank increases its financing for food security with an additional $315 million to strengthen the resilience of food systems in West Africa – Chad

WASHINGTON, July 29, 2022 – Some 2 million more people will benefit from a second phase of the West Africa Regional Food Systems Resilience Program (FSRP-2) approved today for a total of $315 million in Association funding International Development Bank (IDA*). FSRP-2 will help Chad, Ghana and Sierra Leone increase their preparedness against food insecurity and improve the resilience of their food systems. This comes at a time when an estimated 38.3 million people in West Africa are expected to be in food security crisis.

In the targeted areas of the three countries, the FSRP-2 will contribute to reducing the number of people suffering from food insecurity by 25%. Access to hydro and agro-meteorological advisory services will be extended to more than 400,000 food system actors, while nearly 500,000 producers are expected to adopt climate-smart agricultural technologies. In addition, approximately 12,000 hectares of land will benefit from integrated landscape management practices, and intra-regional marketed productions in selected value chains will increase by 30%.

Multiple shocks, brought on by climate change and environmental degradation, weak food markets, conflict and insecurity, the implications of Covid-19 and the war in Ukraine have further aggravated food insecurity and poverty. inflation across West Africa», declares Ms. Massandjé Toure-Litse, Commissioner for Economic Affairs and Agriculture of the Economic Community of West African States (ECOWAS). “FSRP-2 further expands cooperation in the ECOWAS region to ensure food security now and in the future.

More specifically, the new financing will contribute to (i) increase the effectiveness of the prevention and management of agricultural and food crises and strengthen the capacities to adapt to climate variability and change, (ii) strengthen the capacity to adapting the productive base of the food system and making it sustainable, and (iii) supporting regional food market integration by linking beneficiary countries, consolidating their food reserve systems and strengthening the development of strategic regional value chains”.

Facilitating trade in agricultural goods and inputs within and across national borders in West Africa is key to addressing food insecurity in the region“, says Ousmane Diagana, World Bank Vice President for West and Central Africa.

For Boutheina Guermazi, World Bank Director for Regional Integration for Sub-Saharan Africa, Middle East and North AfricaThe approval of FSRP-2 and the incorporation of Chad, Ghana and Sierra Leone expands the impacts not only of national activities, but also of the targeted spillovers from regional activities. We look forward to this innovative program maximizing its reach across West Africa.”

With FSRP-2, the multi-phase FRSP program now amounts to a total of $645 million from IDA (instead of the $570 million originally approved in November 2021). The first phase of the program (FSRP-1, $330m, approved Nov 2021) launched June 2022, involving four countries (Burkina Faso, Mali, Niger, Togo) and three regional organizations (Economic Community of East African States West, ECOWAS; the Permanent Commission Committee for Drought Control in the Sahel, CILSS; and the West and Central African Council for Agricultural Research and Development, CORAF) to implement a vast program aimed at increasing agricultural productivity, promote intra-regional value chains and trade and build regional capacity for agricultural risk management. It is expected that FSRP-1 and FSRP-2 will reach a total of 4.35 million direct beneficiaries (including farmers) across West Africa, with a focus on women and youth.

* The World Bank International Development Association (IDA), established in 1960, helps the world’s poorest countries by providing grants and loans at low or no interest rates for projects and programs that stimulate economic growth, reduce poverty and improve the lives of the poor. IDA is one of the largest sources of aid to the world’s 77 poorest countries, 39 of which are in Africa. IDA resources bring positive change to the 1.5 billion people who live in IDA countries. Since 1960, IDA has supported development work in 113 countries. Annual commitments have averaged about $18 billion over the past three years, with about 54% going to Africa.

PRESS RELEASE No: 2023/004/AFW

contacts

In Acra:
Kennedy Fosu,
[email protected]

In Freetown:
Moses Alex Kargbo,
[email protected]

In N’Djamena:
Edmond Dingamhoudou badge,
[email protected]