Call For Proposal 2011: The Global Agriculture & Food Secutiry Program (GAFSP)

Posted by Jamal Fida Tuesday, August 2, 2011 0 comments
Closing Date: August 17,2011:

Following commitments by the G8 leaders at the L’Aquila Summit in July 2009 and reaffirmed by the G20 Summit in Pittsburgh in September 2009, the Global Agriculture and Food Security Program (GAFSP) Program was established in April 2010.  GAFSP Program is composed of two windows, a public sector window (administered by a Coordination Unit housed in the World Bank) and a private sector window (administered by a Secretariat housed in the International Finance Corporation [IFC]).
 
The GAFSP Private Sector Window (PSW), initially funded by Canada, will complement the GAFSP Public Sector Window to support new and innovative financing designed to increase the commercial potential of small and medium sized agri-businesses and farmers by bringing them into the local, national and global value chains.
 
As of July 1, 2011, there are approximately $48 million dollars available in the GAFSP PSW Trust Fund, which may be made available to projects subject to approval of a donor, Project Investment Committee (PIC). The projects funded by the GAFSP PSW Trust Fund will follow IFC’s policies, procedures, and guidelines on investments and will invest alongside the IFC on the same terms and conditions.  More resources are likely to be available throughout 2011 and 2012.
 
Private sector firms and financial institutions operating in member countries of International Development Association (IDA) that are not in non-accrual status are eligible to submit proposals. Where there is a compelling case, investments may be approved in IDA-blend countries subject to the approval by the PIC and IFC’s management on a case by case basis. Since all proposals cannot be financed with the limited resources available, successful proposals will be selected by the PIC as proposed by IFC based on an assessment of need, policy environment, and readiness of the enterprise.
 
The PIC will decide which proposals will be funded from the GAFSP PSW Trust Fund and will also allocate amounts on behalf of the GAFSP PSW. Proposals will need to be submitted and received by August 17, 2011 to the GAFSP PSW Secretariat via email at GAFSPSecretariat@ifc.org or by courier to be considered for the initial allocations.  Proposal guidelines and eligibility requirements are available on the GAFSP website.
 
Multilateral Development Banks are strongly encouraged to submit eligible investment proposals from their own pipeline for support by GAFSP PSW Trust Fund to co-invest with IFC in the selected projects.
 
If you have any questions or would like additional information, please contact the GAFSP PSW Secretariat (GAFSPSecretariat@ifc.org).             
 
We look forward to receiving proposals for consideration.

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