The Word Bank has given a grant of Thirty Million Dollars ($30,000,000) in order to support agricultural productivity and access to market for smallholder farmer—agribusiness in Sierra Leone.
This made known in their (World Bank) release after the World Bank of Executive Directors approved the above mentioned grant for Sierra Leone.
That the grant is an additional financial support to the Smallholder Commercialization Agribusiness Development Project that will be used to invest in roads and bridges in order to provide access to more remote areas of high agriculture production.
“Specifically, it will help build critical bridges across key river crossing points currently served by manual cable ferries. These manual ferries are mostly out of service due to increasing risks of accidents particularly during the rainy season when water levels are high,” the World Bank stated.
The World Bank Country Manager in Sierra Leone, Gayle Martin maintained that they are focusing their interventions towards helping the agricultural sector in order to make sure that it quickly recover from the effect of the Covid-19.
He also noted that they will contribute towards higher medium to long term agricultural growth which is required to reduce poverty among smallholder farmers and promote inclusive growth.
“This project is aligned with the economic diversification and growth agenda of the Government,” Martin affirmed.
Smallholder farmers are the drivers of many economies and play an important role in promoting livelihoods and food security amongst the rural poor, the release further stated.