Freetown — itional 516,700 other folks in Sierra Leone will take pleasure in a $50 million International Development Association (IDA)* further financing authorized as of late below the 2d segment of the West Africa regional Food Systems Resilience Program (FSRP-2). The purpose is to beef up the nation’s preparedness in opposition to meals lack of confidence and fortify the resilience of its meals methods.
“In Sierra Leone, food and nutrition insecurity situation has been exacerbated by the recent flooding and requires a serious and scaled-up response. This Additional Financing is a strong vehicle to address both immediate needs to mitigate the impact of the ongoing food security crisis, as well as invest in productive capacities and critical infrastructure to strengthen the longer-term resilience of vulnerable populations to more frequent and severe economic and climate shocks,” mentioned Abdu Muwonge, World Bank Country Manager for Sierra Leone.
Agriculture is the engine of financial enlargement and poverty alleviation in Sierra Leone, however it’s characterised by means of low and stagnating productiveness in key vegetation, restricted market-oriented diversification, primary aggregation and coordination bottlenecks, a susceptible non-public sector, and a low-capacity public sector. Yields of rice, the nation’s primary staple, in primary generating spaces reasonable not up to 1 metric heaps in line with hectare. Per capita rice intake stands at 185kg in line with yr (the fifth very best in the global), whilst home call for for rice exceeds home provide by means of over 400,000 metric heaps in line with yr, requiring imports valued at over $200 million in line with yr. Short-term interventions below the undertaking will assist cope with the instant affect of meals lack of confidence thru money transfers to prone and meals insecure agricultural families to assist them take care of the cumulative affects of manufacturing shocks. Additionally, the undertaking will advertise actions that shut gender gaps in girls’s participation in the agriculture sector and can supply get right of entry to to productive sources for ladies.
This further financing builds on the interventions of FSRP-2, authorized in July 2022, to assist cope with the instant meals and dietary wishes of prone teams, whilst additionally construction resilience to take on underlying drivers of vulnerabilities to meals lack of confidence in West Africa. It brings the general IDA quantity supplied for the FSRP program in the area to $695 million, masking Burkina Faso, Chad, Ghana, Mali, Niger, Sierra Leone, and Togo, in addition to 3 regional organizations: the Economic Community of West African States (ECOWAS), the Permanent Interstate Committee for Drought Control in the Sahel (CILSS), and the West and Central Africa Council for Agriculture Research and Development (CORAF).
“Food insecurity is caused by many factors that are beyond national borders. It is good to see countries and institutions come together to implement this broad program that will simultaneously increase agricultural productivity through climate-smart agriculture, promote intraregional value chains and trade, and build regional capacity to manage agricultural risks,” mentioned Boutheina Guermazi, World Bank Director for Regional Integration for Sub-Saharan Africa, the Middle East, and North Africa.
*The International Development Association (IDA) is the World Bank’s fund for the poorest. Established in 1960, it supplies grants and occasional to zero-interest loans for tasks and systems that spice up financial enlargement, cut back poverty, and fortify deficient other folks’s lives. IDA is one of the biggest assets of help for the global’s 76 poorest nations, 39 of which can be in Africa. IDA sources assist impact sure exchange in the lives of the 1.6 billion other folks dwelling in the nations which can be eligible for its help. Since its inception, IDA has supported building paintings in 113 nations. Annual commitments are repeatedly on the upward thrust and feature averaged $21 billion over the previous 3 years, with about 61% going to Africa.
Author: World Bank