Additional Financing for Benin Agricultural Competitiveness and Export Diversification Project

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Component 1 - Strengthening the enabling environment and infrastructure for agri-food value chains development (US$30.8 million): This includes supporting the Government’s ability to provide an enabling environment for competitiveness enhancement through building the capacity of public institutions, supporting policy reforms and administrative frameworks related to agribusiness development, and investing in critical public infrastructure for the agri-food sector development.Component 2 - Increasing productivity, value addition, and resilience (US$249.4 million): This aims to increase the productivity and competitiveness of targeted value chains. This component finances Climate-Smart Agricultural (CSA) practices, improved seed and fertilizer inputs, irrigation and mechanization to deliver the triple wins of increased productivity, enhanced adaptation, and resilience, and reduced GHG emissions. Component 3 - Promoting private investments and access to finance (US$14.6 million): This includes providing matching grants to producers, processors, and others value chains actors.Component 4 - Project management (US$15.2 million): This supports the operation of the Project Management Unit (PMU). Component 5 - Contingency emergency response component (US$0): This allows the country to access funds to rapidly respond to an eligible crisis or emergency (including disasters and health emergencies).