| Financier | Commitments |
|---|---|
| Global Agriculture and Food Security Program | 8.50 |
| IDA Credit | 100.00 |
| Local Farmer Organizations | 6.27 |
Additional Financing (AF) to the Innovation for Rural Competitiveness Project (COMRURAL III) - GAFSP Financing
Abstract*
Context:
Honduras has been experiencing broadly modest, volatile growth and facing a series of structural challenges towards achieving inclusive and sustainable economic development. This modest economic growth has been insufficient to reduce poverty and Honduras remains the third poorest country in Latin America and the Caribbean region. The rural poor rely largely on low-productivity agricultural activities for income, have limited access to basic... Show More
Development Objective
(i) To contribute to market access, adoption of climate-smart approaches, and job creation in support of project beneficiaries in selected agri-food value chains; and (ii) in case of an Eligible Crisis or Emergency, to respond effectively to it.
Key Details
Project Details
P181004
Active
Viviana Perego , Melissa Brown
Republic of Honduras
May 26, 2023
(as of board presentation)
June 28, 2023
N/A
US$ 12.30 million
Secretaría de Agricultura y Ganadería
2023
US$ 108.50 million
N/A
March 26, 2024
June 15, 2027
Yes
BANK APPROVED
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | N/A |
| IDA Commitment | 100.00 |
| IBRD + IDA Commitment | 100.00 |
| Lending Instrument | |
|---|---|
| Grant Amount | 8.50 |
| Total Project Cost** | 12.30 |
Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025
No data available.
Detailed Financial Activity as of March 31, 2025
No data available.
Results Framework
No data available.