The project has the ambition of contributing to the transformation of the private sector into the engine of real growth and anchor for economic diversification, job creation and greater economic opportunity for the poor that Malawi requires.
The project will also ensure a more receptive policy and institutional environment for Agriculture and Manufacturing value chains and ensure the establishment of the value chains at policy level.
The PSDP operational approach is characterized using two instruments: UNDP’s Inclusive Markets Development (IMD) and the Challenge Fund.
A Malawi Innovation Challenge Fund has been established and pioneered for the first time in Malawi under the PSDP. This will provide direct support to lead businesses with grant finance and technical assistance, with a view to supporting agriculture and manufacturing value chains to work better for the poor following the IMD approach.
Inclusive finance products expanded, new business-to business opportunities for Malawi products
- The Industrial development policy and prioritized sectoral policies and strategies developed and implemented
- The MICF is established and operational to increase inclusiveness and competitiveness of value chains in agriculture and manufacturing
- Loan facility provided to smallholder farmers, low income women and youth