IFC's Overall Contribution to SDG-2 in Calendar Year 2019
3.5 million Farmers reached
IFC's Contribution to individual targets of SDG-2
2.3 By 2030, double the agricultural productivity and incomes of small-scale food producers, in particular women, indigenous peoples, family farmers, pastoralists and fishers, including through secure and equal access to land, other productive resources and inputs, knowledge, financial services, markets and opportunities for value addition and non-farm employment.
Examples of IFC projects contributing to SDG-2
Improving the productivity and competitiveness of farmers and the agribusiness sector
The training of trainers and of farmers begun and is making good progress.
Providing a credit enhancement structure that allows coffee farmer cooperatives to access local currency working capital financing
The project consists of a 3-year Risk Sharing Facility (RSF) for a portfolio of up to ETB 300M (approx. USD 15.2M) working capital loans to coffee farmer cooperatives, originated and serviced by NIB Bank in cooperation with Technoserve (TNS). The loan will enable the farmer cooperatives to buy “cherry” coffee to process into “washed” coffee. Under the RSF, IFC will assume % of the credit risk on the portfolio, up to a maximum IFC exposure of ETB 180M (approx. USD 9M). The remainder would be covered by Nib Bank. In 2015 the project reached 46,462 farmers.