11/18/2021 | Press release | Distributed by Public on 11/18/2021 18:29
World Bank approves a $570 million Multi-Phase Programmatic Approach Program to improve food system resilience, promote intraregional value chains, and build regional capacity to manage agricultural risks
WASHINGTON, November 18, 2021-Some four million people across West Africa stand to benefit from a new multi-phase regional program that will complement and enhance ongoing efforts to reduce food insecurity and improve the resilience of food systems. The new Food Systems Resilience Program (FSRP) was approved by the World Bank's Board of Executive Directors today for a total amount of $570 million in International Development Association (IDA) financing.
The first phase of the program which amounts to $330 million brings together four countries -Burkina Faso, Mali, Niger, and Togo- and three 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)- to implement a 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 risk.
"By investing across these three areas and targeting priority landscapes and value chains of regional relevance, the program takes a system approach to stimulate virtuous cycles of growth that can break the perpetual pattern of shock-recovery-shock," explains Chakib Jenane, World Bank's Practice Manager, Agriculture and Food Global Practice for Western and Central Africa.
Multiple shocks across West Africa, largely induced by agricultural risks, have made food scarcer and more expensive and increased malnutrition. In 2021, approximately 27 million West Africans needed immediate food assistance due to a combination of drought, poverty, high cereal prices, environmental degradation, displacement, poor trade integration, and conflict. Sobering predictions of more frequent extreme weather events, coupled with agricultural productivity that is not keeping pace with population growth, means long-term sustainable development is under threat.
According to Mr. Jean Claude Kassi Brou, President of the ECOWAS Commission, "Food crisis prevention and management are best achieved at a regional level to mitigate, diversify, and transfer production risks and allow for economies of scale. This program enables greater cooperation to ensure food security, now and into the future, for the benefits of the populations in ECOWAS."
In addition to upgrading regional food crisis prevention and management systems, FSRP countries and regional institutions will work together to strengthen shared agricultural and hydrometeorological information services so they are more accessible and useful to decision-makers, farmers, pastoralists, and other actors in the food systems in the sub-region. They will also collaborate on strengthening national and regional agricultural research and the policy environment for landscape governance to avoid, reduce, and reverse land degradation. Moreover, FSRP will facilitate increased trade across key corridors and will support the development of strategic value chains within and among participating countries as identified by them.
"This new program is designed to achieve greater regional impact and food system resilience gains than any number of individual national investments could achieve," saysBoutheina Guermazi, World Bank Director for Regional Integration for Sub-Saharan Africa, the Middle East and Northern Africa. "It will serve as regional platform to create synergies with other initiatives across West Africa."
It is estimated that FSRP will reach four million direct beneficiaries, including farmers (with focus on women and youth), small-scale producers and processors, and small and mid-size agricultural enterprises. The program also aims to bridge gender gaps in agriculture and reach at least 40 percent women.
* The World Bank's International Development Association (IDA), established in 1960, helps the world's poorest countries by providing grants and low to zero-interest loans for projects and programs that boost economic growth, reduce poverty, and improve poor people's lives. IDA is one of the largest sources of assistance for the world's 77 poorest countries, 39 of which are in Africa. Resources from IDA bring positive change to the 1.5 billion people who live in IDA countries. Since 1960, IDA has supported development work in 113 countries. Annual commitments have averaged about $18 billion over the last three years, with about 54 percent going to Africa.