Liberia - Special Agro Industrial Processing Zone Project - Additional Financing — Liberia

Overview

The proposed operation concerns an additional funding from the African Development Fund (ADF - 15) amounting to UA 2.17 million in ADF Loan and UA 0.06 million in ADF Grant to the Republic of Liberia to enhance implementation success for the overall Liberia Special Agro Industrial Processing Zone Project (Liberia SAPZ). The rationale for the supplementary financing follows from the reallocation of unutilized loan and grant resources from the ADF 15 allocation for the Republic of Liberia. The additional financial resources will be used to provide additional capacity building (Component 2) along the value chains in key SAPZ commodities for farmer groups, cover the cost of equipment for industrial skills training, and salaries of 3 full-time consultants to complement existing project staff. These additional activities will be perfectly feasible in the current planning of Liberia SAPZ implementation, which will help increase the outcomes of this project, especially by providing capacity and improving access to agricultural inputs and the aggregation of agricultural output for agro-industrial processing by rural households and small and medium-sized enterprises (SMEs). This project primely contributes towards climate adaptation result. As such 100% of the total approval is attributed as climate finance, out of which 100% is adaptation finance.