WASHINGTON, May 22, 2012 The World Bank
s Board of Executive Directors today approved US$120 million financing for the
second phase of the West African Agricultural Productivity Program that will
improve food production by spreading new agricultural technologies in Ghana and
Senegal.
The program will finance technology
exchange programs, align national priorities with regional ones to increase
regional cooperation in food technology generation, and support a greater push
for technology adoption and dissemination.
The Bank s support takes a resolved approach
to making agriculture more productive and sustainable in West Africa, said Jamal
Saghir, World Bank Director for Sustainable Development in the Africa Region. It
will contribute to increasing growth in the economy, improve food security and
reduce poverty.
With population expected to increase from 300
million in 2011 to about 500 million in 2030, West Africa is faced with the
challenge of satisfying rapidly growing food demand. The recent food, fuel and
financial crisis have demonstrated the need in West Africa to fully utilize the
sub-region s agricultural potential.
It is possible to increase production of key
commodities that represent the basis of the West African food security system.
Adopting new and improved crop management practices can increase cereal crops
by 30 percent; irrigated rice systems could benefit from yield increase by
nearly 50 percent; and cassava yield can be raised more than 40 percent.
Regional production covers 80 percent
of the population s food needs in ECOWAS, about 20 percent of its imports being
food products. West Africa is severely affected by the current rise in global
food, financial and fuel prices. Intra-regional agricultural trade remains
limited and its share of the total world agricultural trade is marginal.
Climate change, increasing population, and poor conditions of natural resources
reveal an urgent need for improved agricultural production.
The program will help Senegal and Ghana
boost agricultural production to cope with the increasing demand for food in
the region, said Abdoulaye Toure, Task team leader for the
project. We are pleased to work in partnership with ECOWAS to boost
dominant sectors, such as agriculture, to their potential so that the people of
these countries can become self-sufficient and secure in food production.
* The World Bank s International
Development Association (IDA), established in 1960, helps the world s
poorest countries by providing loans (called credits ) and grants 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 81
poorest countries, 39 of which are in Africa. Resources from IDA bring positive
change for 2.5 billion people living on less than $2 a day. Since its
inception, IDA has supported activities in 108 countries. Annual commitments
have increased steadily and averaged about $15 billion over the last three
years, with about 50 percent of commitments going to Africa.
Source: World Bank Office Ghana
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