Guinea-Bissau - Value Chains, Agricultural and Rural Entrepreneurship Support Project (PACVEAR)

The Value Chains, Agricultural and Rural Entrepreneurship Support Project (PACVEAR) operates in three regions, namely Bafata, Oio and Gabu, in northern and eastern Guinea-Bissau. The project aims to improve the rice and market gardening subsector production environment, and promote enterprises in all targeted subsector value chain links to create sustainable jobs and increase rural income. The project will increase irrigated areas by developing additional 660 hectares of land, half of which will be equipped for full irrigation water control with the availability of detailed designs and bidding documents for 720 hectares. PACVEAR, which will be implemented over a five-year period (November 2019 to October 2024), comprises three main components: (i) Improve the Competitiveness of Agricultural Value Chains (rice and market gardening); (ii) Promote Agricultural and Rural Entrepreneurship; and (iii) Project Coordination and Management. The Bank will help to consolidate the gains of previous operations and promote rural entrepreneurship, with a view to boosting growth and the professionalisation of the agricultural sector. By supporting the development of agricultural infrastructure, the Bank will create factors conducive to the development of agricultural and rural enterprises in all targeted subsector value chain links, thus creating employment particularly for youths and women (production, processing and marketing). The total project cost, exclusive of taxes and customs duties, is UA 10.62 million (XOF 8.607 billion).