PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

601016

Primary Business Area

Trade and Competitiveness

Disclosure Date

Dec 14, 2017

Country

Guinea-Bissau

Region

Africa

IFC Approval Date

Oct 4, 2016

Status

Completed

Estimated Total Budget

$1,195,000.00
(Project budget includes all project-funded activities)

Last Updated Date

Feb 2, 2023

Project Estimated Start Date

Sep 15, 2016

Project Estimated End Date

Dec 31, 2018

Project Description

The project will support the country in its effort to make the cashew sector more competitive and attractive to investors, both local and international, in cashew processing. The project beneficiaries will include smallholder farmers, local and international processing units and their employees (who are predominantly women), rural communities, Government authorities, service providers, as well as local and international potential investors. On one hand, the project will support the cashew sectors capacity to understand and meet international market standards, while at the same time enhancing its branding as a serious investment destination for cashew processing, and on the other hand, a number of activities will aim at improving the business environment. The project has two components: I. Improving the ability of cashew sector actors to meet environmental, social and trade standards This component will aim at raising awareness of environmental, social and trade standards among all cashew nut stakeholders and developing a strategy to enable smallholders (through farmer organizations), and local processors to access international markets by complying with market requirements. II. Improving the business environment for investments in cashew production and processing This component complements efforts, including by the World Bank Private Sector Rehabilitation and Agribusiness Development project, to support business environment reforms, by providing technical assistance to improvements in regulations and administrative processes. In particular, this component will assess the land administration system, support the computerization of the one-stop shop for business registration, and promote the adoption of OHADA guidelines for commercial and collateral registration.

Development Results

E&S Risks / Impacts and Mitigation