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.
For information on conditions of participation and eligibility
criteria, please visit http://www.gafspfund.org.
IFC’s standard policies and procedures will guide the processing and approval
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.