IFC Launches Call for Investment Proposals in Agribusiness under GAFSP
On October 29, 2012, the Private Sector Window of the Global Agriculture and Food Security Program (GAFSP), managed by IFC, opened the Second Call for Investment Proposals under GAFSP. The Call for Proposals will be targeting investment projects in agribusiness that increase the commercial potential of small and medium enterprises and farmers in low-income countries.
As part of the Call, IFC will be seeking investment proposals from private sector entities in eligible low-income countries. It will be looking for financially sustainable projects that support agriculture, increase productivity, and expand access to finance and markets to SMEs and farmers. Similarly, it will prioritize innovative projects that provide demonstration effect of new models in agriculture and agribusiness for other financiers to increase support to the sector.
Eligible investments under the Call will include: Debt, Mezzanine/Subordinated Debt, Guarantees or Equity Investments. Projects selected from the Call will be considered for investments using GAFSP funding in support of IFC-led investments and will be processed in accordance with its standard policies and procedures for investments. The Call will remain open until December 14, 2012.
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. 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 agribusinesses in low-income countries. As of October, 2012 total pledged contributions to GAFSP Private Sector Window totaled $309 million.
For more information, including conditions of participation, eligibility criteria and proposal submission form please visit: www.gafspfund.org