For example, the Bank spearheaded the efforts of seven development partners under the Health and Social Protection Project (SWAp); mobilized a significant amount--equal to two-thirds of IDA's annual allocation--from GAFSP
for the Agricultural Productivity and Nutrition Improvement Project; and raised and administered the funds of three key donors for improving public finance management.
The International Finance Corporation and the private sector window of the Global Agriculture and Food Security Programme (GAFSP
) will support Nedbank's $50 million facility to help commodity traders in Sub Saharan Africa import agricultural commodities and export cash crops.
Eleven African countries have, so far, received GAFSP
grants totaling USD 430.5 million and distributed as follows: Rwanda (USD 50 million); Sierra Leone (USD 50 million); Togo (USD 39 million); Ethiopia (USD 51.5 million); Niger (USD 33 million); Liberia (USD 46.5 million); Burundi (USD 30 million); the Gambia (USD 28 million); Malawi (USD 39.6 million); Senegal (USD 40 million); and Tanzania (USD 22.9 million).
It was further disclosed that a total of US$ 39.6 million would come from the GAFSP
Multi-Donor Trust Fund, while the ADF will provide a grant of US$ 0.38 million.
"Nepal will receive $46.5 million, and the GAFSP
funds will enhance household food security through increased agricultural productivity, household incomes and awareness about health and nutrition in the mid-western and far-western development regions," said a press statement issued on Friday.
The agreement adds to a $10 million investment in Twiga Foods, made in November 2018, led by IFC, the Global Agriculture and Food Security Program (GAFSP
) and TLcom- a Pan-African venture capital firm to expand operations and offer new services.
The budget request includes funding for a targeted number of other important programs, including the Central America and Caribbean Catastrophe Risk Insurance Program, the World Bank Global Infrastructure Facility (GIF), the Global Agriculture and Food Security Program (GAFSP
), and the International Fund for Agricultural Development (IFAD).
IFC, a member of the World Bank Group, and the private sector window of the Global Agriculture and Food Security Program (GAFSP
) will invest $9.2 million in a program with KCB Bank Rwanda to help Rwandan farmers' cooperatives gain access to financing and training they need to expand food production.
The Bank will also build on successes and lessons from managing RMCs' GAFSP
investments and how these have improved implementation of CAADP NAIPs, as well as improve the investment climate for private sector.
Complementary to the regular program, the public sector element of a new Global Agriculture and Food Security Program (GAFSP
), emerging from discussions initiated by the Group of 8 (G8) nations and reaffirmed by the Group of 20 (G20) nations, provides pooled donor grant resources to finance country-led investment plans that are strategic, evidence-based, inclusive of civil society and the private sector.
The FY 2013 request includes $134 million for a contribution to the Global Agriculture and Food Security Program (GAFSP
The Global Agriculture and Food Security Fund (GAFSP
)EeSteering Committee (SC) approved, Wednesday November 3 rd 2010 in Washington D.C., an allocation of grants to three countries for a total of $97 million.