Climate Resilient and Sustainable Agriculture Project

active

The development objectives of the Climate Resilient and Sustainable Agriculture Project (CRESAP) for Belize are to: (i) increase agricultural productivity and the adoption of climate-smart agricultural approaches among project beneficiaries; and (ii) respond effectively to an eligible crisis or emergency event. The project comprises of five components. The first component, institutional strengthening focuses on strengthening the capacity of key public institutions (government agencies and academic organizations) to support a more productive and sustainable agricultural sector. The second component, investments in climate-smart agriculture will finance three subcomponents: (i) strengthening the capacity of participating financial institution and intermediary (PFIs), individual farmers and farmer organizations participating in the CRESAP matching grants program in support of climate-smart agriculture (CSA) investments; (ii) promotion of CSA technologies and practices via matching grants and leveraging of private capital; and (iii) provision of selected strategic collective assets to strengthen resilience. The third component, project management, monitoring and evaluation will finance incremental and operating costs, goods and equipment for the Project Implementation Unit (PIU). The fourth component, contingent emergency response component (CERC) is a contingent financing mechanism which will permit Belize rapid access to World Bank support in the event of an eligible crisis or emergency.