WBG: (i) Estimated lending of $ 4 billion for agricultural growth, (ii) IFC target of $ 400 million by 2010 for support to agribusiness up to $ 1 billion in co-financing in five pilot countries

Yokohama Action Plan

[1]Provide assistance to expand agricultural research, extension and advisory services including for adaptation to climate change, development of new crop varieties and improvement of soil fertility and other farming technologies, and increase the number of agriculture professionals through support for agriculture-related education and training in a gender sensitive manner.

Proposed Measures by Japan/Implementing Partners

● Implementation of CAADP to increase food supply over medium-long term

Potential Resources, Possible Contributions

WBG: Estimated lending of $ 4 billion for agricultural growth over 5 years. IFC target of $ 400 million by 2010 for support to agribusiness up to $ 1 billion in co-financing in five pilot countries

Implementing Partners

GoJ (MOFA)/WBG

Related Links

Current Status of Implementation 2009

(i) Lending for agricultural growth

Country

Africa

Status

On target- (a) WB lending for agriculture was $ 1.5 billion in FY2009, up from $ 450 million in FY2008. and (b) 4 new trust funds totaling $ 200 million have been established to support regional approaches to agricultural development.

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Budget

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(ii) Support for agribusiness

Country

Africa

Status

(a) IFC agribusiness financing to Africa has been up to $127.77million by adding $23.25 million ($8 million for Rwanda and $ 15.25 million for Ghana) in 2009 and $104.5 million in 2008 and (b) the Zambia model has been scaled up to other countries in Africa through an integrated investment/advisory Africa Agricultural Finance Program which is under development.

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Budget

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Current Status of Implementation 2008

(i) Lending for agricultural growth

Country

Africa

Status

The Bank has managed a number of trust funds related to agriculture.

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Budget

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(ii) Support for agribusiness

Country

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Status

IFC agribusiness financing to Africa was $104.52 million as follows; Africa Region ($ 15 million). Ghana ($ 20 million), Liberia ($ 10 million), Malawi ($ 5 million), Mali ($ 11.67 million), Mozambique ($ 14 million – 2 projects), Uganda ($ 14 million), World Region – Africa allocation ($ 14.85 million).

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Budget

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