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Global Agriculture and Food Security Program (GAFSP) Private Sector Window (PSW)

Global Agriculture and Food Security Program (GAFSP) Private Sector Window (PSW). Presentation by Rajesh Behal Principal Investment Officer Agribusiness Department, IFC. Global Agriculture and Food Security Program ( GAFSP) Private Sector Window (PSW).

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Global Agriculture and Food Security Program (GAFSP) Private Sector Window (PSW)

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  1. Global Agriculture and Food Security Program (GAFSP) Private Sector Window (PSW) Presentation by Rajesh Behal Principal Investment Officer Agribusiness Department, IFC

  2. Global Agriculture and Food Security Program (GAFSP) Private Sector Window (PSW) In response to the recent food and financial crises, the G20 launched GAFSP to better address food security and help improve incomes of the poor in IDA countries • GAFSP aimed at: • Small Holders • Farmers, SMEs • Improving Productivity • Improving Access to Finance • Fostering Innovation and Technology Context • Agricultural Development Aid plunged from 17% of total development aid in 1980 to 3.8% in 2006 • FAO estimates that the world will need to boost agricultural investment to $83 billion a year by 2050, a 50% increase over the last decade’s average investments to feed a growing population • Most of the additional investment is expected to come from the private sector - from small farmers to large agribusiness companies.

  3. Potential Deployment of Financing in GAFSP Private Sector Window IFC will work closely with regional DFI’s and financial intermediaries to have maximum impact • Initial Contributions to PSW • Canada committed CAD 50 million to support the GAFSP PSW • US Treasury recently signed agreements to also support the GAFSP – amounts are currently being discussed • Contributions from other Donors are also in discussion

  4. Potential Deployment of Advisory Services Funds in GAFSP Private Sector Window • Advisory Services in the GAFSP Private Sector Window are expected to focus on the following: • (i) increasing access to agri and farmer finance; • (ii) improving farmer productivity, standards and market links; • mitigating climate change effects. • Grants will potentially focus on: Information Asymmetry Agri-related Development Marketplace • Local financial intermediaries would receive small grants for disseminating information to farmers, small holders, SMEs for agri-financing. • Objective is to address information asymmetry between FIs and end users who may not know how to access funding • Local agri-related trade fairs to foster innovation and R&D in agriculture sector • Awards and grants could be given to promising emerging technologies to improve yields, processing, storage to extend them to public domain • IFC would work through partnerships with external agencies and locally based service providers in order to help drive scale and outreach.

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