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Rural Enterprise and Agricultural Development Project (READ)

Start Date: 15/01/2009
End Date: 31/03/2015

Description

Project implemented in six regions of Guyana to improve the social and economic conditions of poor rural households, especially small-scale producers and vulnerable groups. READ expanded access to financial services and strengthened enterprise and market development, technical assistance, extension and training. The target group comprised 5,200 rural households, equivalent to about 20,800 people, with particular attention to woman-headed households, youth, Amerindian communities, non-traditional crop farmers and operators of rural micro and small enterprises. The Ministry of Agriculture was the executing agency and IFAD provided both loan and grant financing.
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Observations

Primary source: IFAD, https://www.ifad.org/en/w/projects/1100001415. Official documents linked by IFAD indicate: approval on 13-12-2007; financing agreement on 24-07-2008; entry into force on 15-01-2009; project completion on 31-03-2015; loan closing on 30-09-2015. Total project cost: US$6.93 million. IFAD financing: US$5.76 million, consisting of a highly concessional loan and a grant, approximately US$2.88 million each. Government of Guyana contribution: US$0.85 million. Beneficiary contribution: US$0.32 million. The source identifies the Ministry of Agriculture as the executing agency and states that the project was directly supervised by IFAD. No policy framework is added: the documentation refers generally to Guyana's poverty reduction strategy and national food-security and agricultural-diversification goals, but does not uniquely identify the policy framework currently linked in PAESA.

Iniciative Type

Plan, program or project

Action scope

National

Evaluated

Si

Stage

Completed

Temporalidad

Medium-term

Number of Years

6 - Year -s

Related elements

Sectors:

Thematic Areas:

Countries:

Beneficiaries:

Instruments:

Resultados:

Policy frameworks:

Good practices:

Budget in USD

Budget in USD
$5,760,000.00
Counterpart Budget
$1,170,000.00
Total Budget
$6,930,000.00
Annual Average Budget
$1,155,000.00
Financing Sources Financing Types
Government of Guyana. Institutional funds of international organizations (quota-based)
IFAD: International Fund for Agricultural Development Public Debt
IFAD: International Fund for Agricultural Development Grants
Government of Guyana. Public budget
Beneficiaries Non-specific

Institutions

Institutions Institutions rols
Government of Guyana Financing-investor
IFAD: International Fund for Agricultural Development Financing-investor
IFAD: International Fund for Agricultural Development Execution and operation
Ministry of Agriculture (Guyana) Execution and operation
Government of Guyana Monitoring and auditing

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