Grants and Contributions:

The Facility for Resilient Food Systems

7448901 P011856003

$95,000,000.00

Mar 24, 2023 - Mar 31, 2023

The Facility for Resilient Food Systems aims to enhance people’s food security, food system resilience and well-being through improved food availability and food affordability in developing countries. The Facility leverages Canada’s concessional finance alongside the International Finance Corporation (IFC) to mobilize private capital and accelerate the response to the global food security crisis. The Facility rapidly addresses critical financing needs and disruptions to agricultural production and agri-food supply chains. It makes strategic investments in private sector-led solutions to build more diversified, productive and resilient local food systems in the long term. The Facility also provides advisory and technical services to financial intermediaries, agribusinesses and farmers along the food value chain to improve their long-term financial sustainability, gender responsiveness and resilience to climate risks so they can continue to deliver much needed food to vulnerable communities. In doing so, the Facility contributes to increasing the resilience of food systems to future shocks in developing countries and reducing the number of people at risk from food insecurity, including women and the most vulnerable. Projects supported by the Facility might include but are not limited to: (i) working capital and longer-term financing to resume food production in areas affected by conflict; (ii) financing to help diversify production to new origins; (iii) investments in warehousing or storage to reduce vulnerabilities to global supply chain disruptions; and (iv) support to supply lower carbon fertilizers and crop inputs. Project activities include: (1) supporting financial intermediaries and other clients to provide financial products to agribusiness and other agri-value chain actors; (2) providing financial and technical support to agribusiness firms and agri-food value chain actors to support improvement in local production; and (3) providing support and capacity building to agribusiness firms to incentivize more climate-sustainable and gender-responsive business practices.

Global Affairs Canada

The expected outcomes of this project include: (1) sustained or increased private financial flows to food and agri-food value chain actors in countries vulnerable to food price inflation or food import challenges; (2) sustained or increased local production for the benefit of food insecure countries by agribusinesses and other agri-food value chain actors that are more climate-resilient (where possible); and (3) increased gender-responsive and sustainable, climate smart business practices by agribusinesses and corporate agri-food value chain actors.

Washington, US

064-2024-2025-Q2-00710

Grant

Grants and Contributions

Not-for-profit organization or charity

Belated reporting

IFC - International Finance Corporation

IBRD Trust Funds - IFC