Ethiopia’s second agricultural growth project, which was adopted by the World Bank Board of Directors on March 31, 2015, has now been signed. The project involves a total of $365 million, of which $350 million is provided by the World Bank.
The development objective of the Second Agricultural Growth Project for Ethiopia is to increase agricultural productivity and commercialization of small holder farmers targeted by the project. The project comprises of five components:
- agricultural public support services will increase access to public agricultural services for smallholder farmers.
- agricultural research will increase the supply of demand-driven agricultural technologies which directly link to the other components.
- small scale irrigation will increase the access to and efficient utilization of irrigation water by smallholder farmers.
- agriculture marketing and value chains will commercialize smallholder farmers through increased access to input and output markets.
- project management, capacity building, and monitoring and evaluation (M and E) will ensure project implementation, effective M and E of results, and a consistent and effective approach to capacity development.