9 June 2022. The EUR 4 million agreement between the Liberian government and European Investment Bank (EIB) will prepare detailed feasibility studies to assess the potential and challenges of the rice value chain in Liberia and support project implementation.
The EIB and Liberian partners can then design and structure an investment program that is expected to be launched next year.
The feasibility studies are being financed by a grant from the European Development Fund under the Africa Investment Platform.
Reducing Liberia's dependency on imported rice and global price shocks
The new EIB-backed rice-value chain development program intends to boost rice production in the country by reducing Liberia's dependency on rice imports to improve food and nutrition security and create local jobs in rice production, storage and distribution.
The overall investment program is expected to support the entire rice value chain improving rice production, building irrigation, upgrading food laboratories, enhancing warehousing and logistics.
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