RicherFin · Sovereign Projects

Democratic Republic of Congo - Value Chains Development Project to Support The Agricultural Transformation Programme (PADCV-PTA) — Democratic Republic of Congo

Democratic Republic of Congo · Lomami, South Kivu Province · Environmental policy and administrative management

Overview

The Project to Support the Development of Agricultural Value Chains in Support of the Agricultural Transformation Program (PADCV-PTA) is part of the DRC's Agricultural Transformation Program (PTA-RDC). This program, being a 10-year structural transformation of agriculture, is implemented, among others, through two other Bank-funded projects, namely: (i) the Skills Development and Governance and Reforms Project; and (ii) the Transport Infrastructure Development Project. It is perfectly aligned with the country's vision expressed by the President of the DRC, "revenge of the soil over the subsoil." It is also in line with the various national development plans and strategies, particularly the National Strategic Development Plan (PNSD 2021-2023), especially the strategic pillars 3, which focus on consolidating economic growth, diversifying and transforming the economy, and the DRC's Agricultural Transformation Agenda (ATA-RDC). Furthermore, the project is also in perfect alignment with the Bank's ten-year strategy (2013-2022), particularly the goal of inclusive growth by involving producers and cooperatives in private initiatives. The project contributes to climate finance, with 104 million USD of the total approved amount dedicated to adaptation.

Key project information

Official name
Democratic Republic of Congo - Value Chains Development Project to Support The Agricultural Transformation Programme (PADCV-PTA)
Status
Ongoing
Current phase
Ongoing
Country
Democratic Republic of Congo
Location
Lomami, South Kivu Province
Sector
Environmental policy and administrative management
Project structure
Public investment / AfDB sovereign financing
Estimated project cost
XDR 197.6m
Expected completion
2029-12-31