IND. & AGRIC. CR.

closed

The Industrial and Agricultural Credit Project's objectives are to: (i) build upon and further strengthen Investment and Development Bank of Malawi's (INDEBANK) institutional capabilities, assist in diversification of its role in productive sectors, and expand its activities in the agricultural sector--the mainstay of Malawi's economy; and (ii) fulfill the need for term financing for agricultural estates to increase productivity thereby improving the potential for diversification. The proposed project consists of (i) a US$3.0 million credit line to finance viable industrial, commercial, transport and tourism investments; (ii) a US$4.5 million agricultural credit component to provide investment credit to agricultural estates; and (iii) US$0.3 million in technical assistance to INDEBANK to strengthen its capability to promote, appraise and monitor agricultural projects.