The DRC wants to reduce its food imports

Published 2024년 7월 22일

Tridge summary

A $311.6 million project aims to boost the production of rice, cassava, corn, and soybeans in six provinces of the Democratic Republic of Congo. The project is designed to reduce the country's reliance on food imports, which were 19% of the national budget in 2023, and to make these commodities more available during exogenous shocks like climate change and armed conflicts. The project will also provide financial access and necessary inputs to producers, and establish a sustainable supply chain from the farming areas to large cities and neighboring countries.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The project, with a total cost of $311.6 million, will increase the production of rice, cassava, corn and soybeans, and contribute to the country's food self-sufficiency for these main commodities. This will significantly reduce the country's massive food imports ($3 billion in 2023, or 19% of the national budget), as well as its vulnerability to exogenous shocks, including climate change and armed conflicts. It aims to reconstitute the seed capital of the rice, cassava, corn and soybean value chains, to sustainably improve yields and to structure and facilitate access for actors in these value chains to markets and appropriate financing. In addition, this project will make inputs available to producers, on credit, at the start of the agricultural season, repayable at harvest, in order to build up working capital to sustainably facilitate access to inputs and product pre-treatment equipment. agricultural activities ...
Source: Lobservateur

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