Washington — The World Bank Board today approved $40 million from the International Development Association (IDA)* to promote the development of inclusive, resilient, and competitive agricultural value chains, with specific focus on smallholder farmers and agribusinesses in The Gambia.
The Gambia Inclusive and Resilient Agricultural Value Chain Development Project (GIRAV) will promote the development of key priority agricultural value chains with strong growth potential in the country through a combination of soft and hard investments aimed at strengthening production capacity, creating opportunities for complementary private sector-led investments in agribusiness, and development of agricultural small and medium enterprises (SMEs).
“The Gambia can transition out of fragility only by addressing constraints on development in key economic sectors such as agriculture. The project…