Sustainable Rural Economy Program

active

Prospective

The Sustainable Rural Economy Program (SREP) is an MPA of 3 phases for a total envelope of $500M with an overall Program Objective of increasing the resilience of targeted rural areas and producers. The first phase is an IPF of $150M, the second phase is a P4R of$150M, and the third phase another P4R of $200M. The current PAD and ESRS were prepared for the purposes of Phase I. Phase I will cover 6 Provinces and focus on productive sectors in rural areas, including agriculture, livestock and fisheries. The provinces include Tete, Zambezia, Nampula, Niassa, Sofala, and Manica. Phase I project activities will not take place in Cabo Delgado. The second phase will expand to 7 Provinces and add nature-based and rural tourism. The third phase will cover the entire country (11 Provinces) and will expand its support to diversify livelihoods into other rural economic activities.The SREP is closely aligned with Mozambique’s 2017–2021 CPF (Report number: 104733-MZ) as revised in the recently concluded Performance and Learning Review that includes adjustments to the CPF for Covid-19. The FY 17-21 WBG CPF for Mozambique draws on the 2016 Systematic Country Diagnostic (SCD) which identified three main focus areas in support of the twin goals: i.e. (a) promoting diversified growth and enhanced productivity; (b) investing in human capital; (c) enhancing sustainability and resilience. The PLR added an additional objective, Supporting Recovery and Rehabilitation, under this third Focus Area reflecting stepped-up IDA financing to address the impact of recent cyclones and the pandemic. Furthermore, in line with the WBG crisis response approach to Covid-19, the proposed MPA has the overarching goal of creating more inclusive growth through employment promotion and improving productivity and competitiveness in a sustainable manner.Phase I is a US$ 150 million IDA IPF Grant, focusing on the following main objectives: (i) increasing agriculture productivity and market access by targeted smallholders, (ii) increasing value added by targeted AgriMSMEs, and (iii) improving natural resources management practices in selected regions. This first phase will cover a period of 5 years and be focused on building institutional capacity for delivering key services and support to smallholders and AgriMSMEs, while also improving the stewardship over natural resources in the targeted rural areas.

FY17 - Agriculture, Fishing and Forestry,FY17 - Industry, Trade and Services

World Bank Group

Project

Road, Water Supply and Storage, Raw Materials, Forest Products and Packaging, Hotel, Commercial, Government, Telecommunications