New World Bank Financing to Support an Additional 36,000 Farming Households and Address Liberia’s Food Security Crisis
Published on: Wednesday 21 December 2022
The World Bank has approved an Additional Financing to the Rural Economic Transformation Project (RETRAP-AF) to the tune of $30 million in concessional International Development Association (IDA) credit to improve productivity and market access for smallholder farmers and agri-enterprises for selected food value chains but especially rice. This AF, which comes from the Crisis Response Window - Early Response Financing-CRW-ERF of IDA, will ensure that the Liberia Rural Economic Transformation Project (RETRAP) benefits an additional 36,000 households, thereby increasing the total number of beneficiary households by 60 percent, from 60,000 to 96,000.
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