World Bank partners with the Liberian government to launch new agricultural project
The Liberian Government, the World Bank and several development partners launched on Monday the Small-holder Tree Crop Revitalization Support Project (STCRSP).The Liberian Government, the World Bank and several development partners launched on Monday the Small-holder Tree Crop Revitalization Support Project (STCRSP).
This $23.1 million (17.7 million) project aims to increase access to finance, inputs, technologies and markets for small-holder tree crop farmers in Liberia.
As many as 4,900 tree crop small-holders' farmers are concerned, with total direct beneficiaries of 26,000 household members.
"This project is based on the promotion of export oriented economic growth, through consolidating the role of the private sector, while also facilitating rural development, increasing rural incomes and reducing poverty," said Liberia's Minister of Agriculture Florence Chenoweth, quoted by The Informer.
The World Bank Country Manager for Liberia Inguna Dobraja also emphasised the benefit of the project in terms of economic growth: "The World Bank is pleased to support the Government's efforts in revitalizing the agriculture sector because its role in Liberia's economic development and poverty reduction is significant".
This project constitutes a test of different rehabilitation, replanting and new planting models, as well as the associated financing mechanisms for revitalising the tree crop sector.
Based on the learning of this initial phase, the Bank plans to extend the program over the longer term and on a larger scale.