Dans le but de contribuer au financement du Project to support the development of value chains in support of the Agricultural Transformation Programme (PADCV-PTA), the Board of Directors of the Bank Group African Development Agency approved, on Wednesday in Abidjan, a loan of $260.4 million to the Democratic Republic of Congo (DRC)

The PADCV-PTA is financed through a $250.4 million loan from the African Development Fund, the Bank Group's concession window, and another $10 million loan from the Transition Support Facility, a mechanism of the Group of the Bank for countries in transition. The project will increase the production of rice, cassava, maize and soybeans, and contribute to the country's food self-sufficiency for these main commodities. It will also significantly reduce the country's massive food imports (three billion US dollars) in 2023, or 19% of the national budget, as well as its vulnerability to exogenous shocks, including climate change and armed conflicts

padcv-pta also aims to rebuild seed capital in the rice, cassava, maize and soybean value chains, to sustainably improve yields and to structure and facilitate the access of actors in these value chains to markets and appropriate financing.