Global Agriculture and Food Security Program NICHOLA DYER, PROGRAM MANAGER

Global Agriculture and Food Security Program NICHOLA DYER, PROGRAM MANAGER

What GAFSP does Increasing incomes and improving food and nutrition security through increased investment in agriculture G8, G20 Initiative Country-led Comprehensive approach to agriculture Medium- and long-term interventions Targeted to the strongest proposals from countries and projects with the highest need and readiness Inclusive and transparent Innovative governance Aligned with SDGs Pooled grant funds

Objective Funding along the value chain Public Sector Window Provides grant funding directly to sovereign governments in accordance with countries' overall investment strategies Managed by: World Bank IFC Private Sector Window Provides investment (and advisory services) to eligible private sector companies in agribusiness, in conjunction with IFC s investments Funding: US$ 1.2 billion US$ 356 million Donors: 11 total Supervising Entities: New Missing Middle Initiative: targeted support to small-scale farmers as they advance from subsistence farming, to farmer organizations, and eventually full commercial viability 9- Australia, Canada, the Bill & Melinda Gates Foundation, Germany, Ireland, Korea, Spain, the UK, and the US ADB; AfDB; FAO; IADB; IFAD; WB; WFP 5 - Australia, Canada, Japan, the Netherlands, the UK, and the US IFC

What GAFSP does, where it works: both windows All projects focus on: Regional Distribution of Funds 1. Increased agricultural productivity 2. Linking farmers to markets 3. Reducing risk and vulnerability 9% 11% 9% 61% Africa Asia LAC 4. Improving non-farm rural livelihoods Other 5. Technical assistance and capacity development in low-income countries with the greatest rates of poverty, hunger, and malnutrition.

Snapshot: $1.02b in grants already allocated to 30 countries Average grant size about $35m - range $8m-$50m 5m beneficiaries already reached - on track to reach 11.8m Every dollar invested by GAFSP generates $2.5 farm income gain The Public Sector Window Pools donor funding as grant funds to governments for long-term development objectives Requires country ownership, and engagement with civil society and the private sector Multiple open calls for proposals with evolving requirements and rating systems Projects rated by an independent panel of technical experts based on transparent guidelines and a ratio of need (40), country readiness to implement (30), and proposal strength (30) Highly competitive - historically only one third of projects have received funding Completion of CAADP (or similar process in non- CAADP countries) is required

Snapshot $217m approved for 36 investment projects $6.8m for 35 advisory projects Projects leverage in 3.1 x funding on average Fiscal Year GAFSP$ to Total Project Size The Private Sector Window Allocated for deals that could not go forward otherwise Always open for business Sweetens the deal Provides a variety of financing options to existing and greenfield firms including: GAFSP$ to IFC$ FY13 1 : 10.1 1 : 1.8 FY14 1 : 4.5 1 : 1.9 FY15 1 : 5.1 1 : 1.7 FY16 1 : 4.8 1 : 1.2 FY13-16 1 : 5.8 1 : 1.7 short and longer term loans, guarantees, first loss cover, equity capital, and advisory services.often at concessional terms.

CLIMATE-SMART AGRICULTURE Beyond Traditional Agriculture GENDER NUTRITION FRAGILE STATES Over 65% of public sector projects (48% of funds) support climate adaption and/or mitigation benefits. Bangladesh is allocating 100% of funds to these efforts. 87% of public projects address all 3 elements of gender mainstreaming (analysis, genderinformed action, and genderdisaggregated M&E). Nepal project focuses on women. $140m or 14% of public sector funding is targeted toward nutrition activities. 1/3 of that is direct nutrition intervention. Uganda project is multisectoral, housed in health ministry. GAFSP has allocated over one third of funds to 10 fragile or conflicted-affected states.

Project Examples Rwanda: Increasing productivity; empowering coops; strengthening entire value chain; both windows active - coops connected to AIFL, DSM through Private Sector Window. Bhutan Mountain Hazelnuts: private sector greenfield investment focused on hazelnut trees planted on fallow land that otherwise has no commercial use for the farmers. Cameroon: private sector investment that builds on IFAD and IDA projects; Pulling together public and private partners and resources to integrate farmers/co-ops into the value chain. Togo: Government created matching grants scheme to leveraging domestic financing that supports everything from cocoa plantations to entrepreneurs to agri businesses.

Thank you

Public Sector Window - Eligibility Criteria 10 Eligible Type of Activities Proposals from low-income countries (IDA-only countries) that have been endorsed by multiple ministries and the country donor group, and have undergone technical reviews raising agricultural productivity linking farmers to markets reducing risk and vulnerability improving non-farm rural livelihoods technical assistance Weighting Submission Documents Country Need (weight of 30) Country Readiness (30) Proposal Readiness (40) African Countries: CAADP Post Compact Investment Plan Country Proposal for GAFSP Financing Signed CAADP Compact CAADP Post-Compact Agricultural Sector Investment Plan CAADP Post-Compact Technical Review Report Documentation of CAADP Business Meeting Non-African Countries: Country Investment Plan Country Proposal for GAFSP Financing Agriculture and Food Security Strategy Agriculture and Food Security Investment Plan An independent and thorough peer review report of the investment plan Fourth Call for Proposals is currently open

Eligible Countries 11Africa (32 countries) East Asia and the Pacific (11 countries) ECA (3 countries) Latin America (4 countries) Middle East (1 country) South Asia (5 countries) Benin Burkina Faso Burundi CAR Chad Comoros Côte d Ivoire Djibouti DRC Ethiopia Gambia Ghana Guinea Guinea-Bissau Kenya Lesotho Liberia Madagascar Malawi Mali Mauritania Mozambique Niger Rwanda Sao Tome & Principe Senegal Sierra Leone South Sudan Tanzania Togo Uganda Zambia Cambodia Kiribati Lao PDR Marshall Islands Micronesia, FS Myanmar Samoa Solomon Islands Tonga Tuvalu Vanuatu Kosovo Kyrgyz Rep. Tajikistan Guyana Haiti Honduras Nicaragua Yemen Afghanistan Bangladesh Bhutan Maldives Nepal

12 Key process steps and Call timeline Submission documents: Table 1 (pg. 6-7) lists the documents required to be included in the submission package to the GAFSP Coordination Unit. The Document Checklist should clearly indicate which of the submitted documents corresponds to the items required in the list in Table 1, using the template in Annex 4. Form and deadline of submission: Submission should be via e-mail to info@gafspfund.org. Submission documents must be in Microsoft Word, Excel, or PDF. An acknowledgement email will be sent upon confirmation of receipt. Submissions must be received by: 11.59pm, Monday January 9th, 2017 (Washington, D.C. time). No exceptions will be made on the deadline or document formats. We encourage countries to submit a few days earlier in case of any technical problems in the submission process.

For African countries For Non-African countries (1) Document Checklist (1) Document Checklist (1) Cover letter with endorsement signature from Minister of Finance, and at least one technical ministry. (1) Cover letter with endorsement signature from Minister of Finance, and at least one technical ministry. (1) Evidence of support from the in-country Sector Working Group, such as a letter (3) Evidence of support from the in-country Sector Working Group (or equivalent), such as a letter, where such groups exist (or from a major donor if such Groups don t exist). (1) Statement of readiness from preferred Supervising Entity(ies) (4) Statement of readiness from preferred Supervising Entity(ies) (5) GAFSP proposal (Parts 1 & 2) (5) GAFSP proposal (Parts 1 & 2) (6) Agriculture and Food Security Strategy (6) Agriculture and Food Security Strategy (7) Current CAADP Agriculture and Food Security Investment Plan (NAIP). For African countries that have completed implementation of a CAADP NAIP: an updated comprehensive Agricultural and Food Security Investment Plan, or, if this is not yet finalized, a Malabo Declaration country implementation roadmap based on the June 30, 2016 AUC/NPCA CAADP guidelines. (7) Agriculture and Food Security Investment Plan (8) CAADP Technical Review Report of the Investment Plan (or an updated version). For those African countries that have completed implementation of a CAADP NAIP: an independent and thorough technical review report of their current investment plan. (8) An independent and thorough technical review report of the investment plan (9) Country response to the independent review observations (9) Country response to the independent review observations