PROPOSALS ELIGIBLE FOR APPROVAL UNDER THE LAPSE-OF-TIME PROCEDURE
These proposals are posted for Executive Board representatives' review in accordance with rule 24 of the Rules of Procedure of the Executive Board, which sets out the lapse-of-time (LOT) procedure for the approval of IFAD-funded projects and programmes, approved by the Executive Board in December 2009 (EB 2009/98/R.15/Rev.1) and further revised in September 2010 (EB 2010/100/R.41/Rev.1), September 2012 (EB 2012/106/R.9), May 2019 (EB 2019/126/R.48/Rev.2), and September 2023 (EB 2023/139/R.16/Rev.1).
IFAD-financed project/programme proposals, eligible for approval through the LOT procedure, shall:
· Not exceed a financing ceiling of US$50 million;
· Not be classified as "track 1" (high-risk operations).
IFAD-financed non-sovereign private sector operations, eligible for approval through the LOT procedure, shall:
· Not exceed a financing ceiling of US$25 million
In accordance with the Policy for IFAD Grant Financing, IFAD-financed grant proposals up to and including US$500,000 may be approved by the President of IFAD, while those in excess of US$500,000 are approved by the Executive Board through the LOT procedure.
Any Executive Board member may request that a proposal submitted for approval through the LOT procedure be submitted to a formal Board session for consideration. In accordance with rule 24 of the Rules of Procedure of the Executive Board, in the absence of a request from an Executive Board representative for a proposal to be discussed at a formal session of the Board, the proposal is considered approved after the lapse of a period of 21 calendar days from the date of posting of the document and transmission of the communication announcing its posting.
Resource coverage would be ensured for these proposals as attested in the Resources Available for Commitment (RAC) document presented at each December session.
For Approval
For Approval
Approved
Approved
Bhutan: Building Resilient Commercial Smallholder Agriculture (BRECSA)
Approved on Tuesday 27 December 2022
Ecuador: Strengthening the Productive Capacities of Rural Entrepreneurs Project (EMPRENDER)
Approved on Tuesday 27 December 2022
Ghana: Rural Enterprises Programme (REP)
Approved on Tuesday 27 December 2022
Rwanda: Promoting Smallholder Agro-Export Competitiveness Project (PSAC)
Approved on Tuesday 27 December 2022
Malawi: Programme for Rural Irrigation Development (PRIDE)
Approved on Tuesday 27 December 2022
Niger: Family Farming Development Programme in the Diffa Region (ProDAF-Diffa)
Approved on Tuesday 27 December 2022
Benin: Market Gardening Development Support (PADMAR)
Approved on Tuesday 27 December 2022
Togo: Shared-risk Agricultural Financing Incentive Mechanism Support Project (PROMIFA)
Approved on Tuesday 27 December 2022
Zambia: Enhanced Smallholder Livestock Investment Programme (E-SLIP)
Approved on Tuesday 27 December 2022
Lao People's Democratic Republic: Agriculture For Nutrition - Phase 2 (AFN II)
Approved on Thursday 22 December 2022
Sao Tome and Principe: Commercialization, agricultural productivity and nutrition project (COMPRAN)
Approved on Thursday 22 December 2022
Liberia: Smallholder Agriculture Transformation and Agribusiness Revitalization (STAR P)
Approved on Thursday 22 December 2022
Niger: Family Farming Development Programme in Maradi, Tahoua and Zinder Regions (ProDAF)
Approved on Thursday 15 December 2022
India: Livelihoods and Access to Markets Project (LAMP)
Approved on Thursday 15 December 2022
Malawi: Financial Access for Rural Markets, Smallholders and Enterprise Programme
Approved on Thursday 1 December 2022
Tajikistan: Community-based Agricultural Support Project Plus (CASP+)
Approved on Thursday 1 December 2022
Guinea-Bissau: Economic Development Project for the Southern Regions (PADES)
Approved on Friday 7 October 2022