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Washington D.C., December 3, 2012
—IFC, a member of the World Bank Group, has extended until January 31 a call for proposals from private firms and financial institutions for financially sustainable agricultural projects in low-income countries.
Funding is available under the Group of 20’s Global Agriculture and Food Security Program (GAFSP). The GAFSP Private Sector Window, administered by IFC, provides long- and short-term loans, credit guarantees, and equity to local companies and financial intermediaries. In October, IFC announced the current effort to reach small-scale farmers and small and medium enterprises with projects that support agriculture, increase productivity, and expand access to finance and markets. Small-scale farmers and SMEs typically struggle to attract commercial financing,
Current donors to the Private Sector Window of GAFSP include Canada, Japan, the Netherlands, the United Kingdom, and the United States.
About IFC
IFC, a member of the World Bank Group is the largest global development institution focused exclusively on the private sector. We help developing countries achieve sustainable growth by financing investment, mobilizing capital in international financial markets, and providing advisory services to businesses and governments. In FY12, our investments reached an all-time high of more than $20 billion, leveraging the power of the private sector to create jobs, spark innovation, and tackle the world’s most pressing development challenges. For more information, visit
www.ifc.org
.
About the Global Agriculture and Food Security Program (GAFSP)
GAFSP is a multilateral mechanism to assist in the implementation of pledges made by the global community to support country-led investment plans in agriculture and food security. Following commitments by G-8 leaders at the L’Aquila Summit in July 2009 and reaffirmed by the G-20 Summit in Pittsburgh in September 2009, GAFSP was established in April 2010. The program is composed of two windows: the Public Sector Window administered by the World Bank and the Private Sector Window managed by IFC. The Private Sector Window supports private initiatives to improve productivity and sustainability in agriculture and improve market access and access to finance to the agribusiness sector in low-income countries. For more information, visit
http://www.gafspfund.org
.
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