AfDB - African Development Bank Gro
$80,000,000.00 CAD
- Department
- Global Affairs Canada
- Program
- —
- Recipient country
- Canada
- Fiscal year
- 2021-2022
- Agreement period
- March 29, 2022 – June 30, 2042
- Reference
- CA-3-P010883001
Published purpose
This project aims to provide financial and non-financial intermediaries with catalytic capital to grow their lending to impact-oriented agricultural small- and medium-sized enterprises (Agri-SME) across Africa. The Agri-Food SME Catalytic Financing Mechanism (ACFM) is seeking to design a package of innovative financial products to catalyze private sector investment for Agri-SMEs that contribute to making Agri-food systems healthy, equitable, climate-resilient and sustainable. The ACFM will provide concessional loans to eligible financial and non-financial intermediaries to support the financial needs of Agri-SMEs and ensure impact.
In plain English AI-generated
This project provides catalytic capital to financial and non-financial intermediaries to increase lending to agricultural small- and medium-sized enterprises across Africa, aiming to make agri-food systems healthier, equitable, climate-resilient, and sustainable.
Category: Foreign Aid Development Primarily funds activity outside Canada
Based on the published description. See how AI categorization works — the linked official record is authoritative.
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