What are we funding?
GRANT AMOUNT | ENDORSEMENT DATE | ACTIVITIES | INSTRUMENTS SUPPORTED | WB PROJECT |
US$25 million | June 14, 2022 | Developing and putting in place a risk financing product whose payouts would go into ECOWAS’s Regional Food Security Reserve (RFSR) which provides food aid or financial resources to member states. |
| West Africa Food System Resilience Program (FSRP) (P172769) US$330 million (approved on August 11, 2023) |
- West African countries are leveraging their regional institutions to address persistent food insecurity. With US$347.3 million in support from World Bank IDA financing, the West and Central Africa Council for Agriculture Research and Development (ECOWAS), and the Permanent Interstate Committee for Drought Control in the Sahel are taking the lead to increase agricultural productivity through climate-smart agriculture, strengthen intraregional value chains, and build regional capacity to manage agricultural risk.
- A US$25 million GSFF grant is supporting West Africa regional stakeholders to develop a risk financing product that can provide additional capital during emergencies for an established food security mechanism.
- The grant has funded crucial technical assistance, including two feasibility studies in Chad and Togo, and will eventually cover premiums for the risk financing product.