PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

607179

Primary Business Area

Manufacturing, Agribusiness & Services

Disclosure Date

Jul 23, 2023

Country

Cambodia

Region

East Asia and the Pacific

IFC Approval Date

Jan 21, 2023

Status

Active

Estimated Total Budget

$975,000.00
(Project budget includes all project-funded activities)

Last Updated Date

Jul 24, 2023

Project Estimated Start Date

Jan 22, 2023

Project Estimated End Date

Dec 31, 2025

Project Description

IFC and Mars Food - a multinational manufacturer of food products - are cooperating on a three year project to promote the production of sustainable rice in Cambodia. The Project has three components: 1. Increased production of sustainable fragrant rice. At the farm and household level, the project will (a) facilitate farmers’ adoption of climate smart agriculture technologies and practices consistent with the Sustainable Rice Platform (SRP) standard in the production of fragrant jasmine rice; (b) improve financial awareness and business management skills amongst farmers; and (c) support income diversification activities at the household level. 2. Improved business management performance amongst farmer aggregators. At the farmer aggregator level, the Project will use IFC’s Agribusiness Leadership Program (ALP) to improve Agriculture Cooperative (AC) management capacity amongst the AC officers and Boards of Directors. 3. Engaging additional potential buyers of SRP rice. At the market level, the Project will support activities to increase the likelihood of international buyers to source SRP-verified rice in Cambodia.

Development Results

E&S Risks / Impacts and Mitigation