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IFC in the Agricultural Sector September 2011. Food Financial Crisis 1 SOURCE: World Development Report 2008: Agriculture for Development; World Bank.

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Presentation on theme: "IFC in the Agricultural Sector September 2011. Food Financial Crisis 1 SOURCE: World Development Report 2008: Agriculture for Development; World Bank."— Presentation transcript:

1 IFC in the Agricultural Sector September 2011

2 Food Financial Crisis 1 SOURCE: World Development Report 2008: Agriculture for Development; World Bank Group Agriculture Action Plan FY10-12 IFC’s Approach in Agriculture is Part of Integrated World Bank Group Action Plan Differentiated approaches for: A.Agriculture based countries (mainly SSA and Asia): GDP growth through agriculture B.Transforming countries (e.g., China, India, Indonesia, Morocco): Higher value products and linkages with the non-farm economy C.Urbanized countries (e.g., Brazil, Ukraine, Russia): Contribution to global food supply, reduced rural poverty, growth in export crops and increased food safety World Development Report 2008 WBG Agriculture Action Plan FY Five areas of joint focus: 1.Raise agricultural productivity 2.Link farmers to markets and strengthen value chains 3.Reduce risk and vulnerability 4.Facilitate agricultural entry and exit and rural non-farm income 5.Enhance environmental services and sustainability Key Elements of the IFC Global Agribusiness Strategic Action Plan (ASAP) IFC ASAP a Collaborative WB-IFC Effort with full integration of WB and IFC Agribusiness Teams

3 2 Agribusiness – IFC’s Strategic Priority Development Impact IFC investments made directly in the agricultural sector during FY11 are expected to: provide direct employment to 150,000 people, including 60,000 women, reach 870,000 farmers (equivalent to 4.4 million people supported) Reach about 90,000 micro, small, and medium enterprises. IFC Development Goal Targets: FY11: 200,000 farmers reached FY14: 800,000 farmers reached Development Impact IFC investments made directly in the agricultural sector during FY11 are expected to: provide direct employment to 150,000 people, including 60,000 women, reach 870,000 farmers (equivalent to 4.4 million people supported) Reach about 90,000 micro, small, and medium enterprises. IFC Development Goal Targets: FY11: 200,000 farmers reached FY14: 800,000 farmers reached Target

4 3 IFC’s Strategic Objectives in Agriculture  Contribute to Enhancing Food Security (e.g. increased investment, enhanced productivity)  Contribute to Enhancing Economic Development and Inclusiveness (e.g. focus on smallholders, women, risk management)  Make Environmental and Social Sustainability a business driver (e.g., resource utilization and efficiency)

5 4 Areas of Focus  Enhance productivity through improved access to key agricultural inputs, dissemination of best practices, investment in modern and sustainable farming  Help mitigate price and weather-related shocks through developing and rolling out risk management products  Support agri SMEs access to finance, access to market and access to technology and inputs through agricultural and financial intermediaries and service providers  Reduce post harvest waste and losses through improved agricultural practices, logistics and infrastructure

6 5 Integrated Agribusiness Value Chain Approach Consumers 6+ billion Traders Input producers and distri- butors Food Processors Distribu- tors Retailers Investment Climate Advisory/Technical Assistance Infrastructure, PPPs Financial/Risk Management Products Farmers Environmental and Social Ecosystem Services

7 6 Enhanced IFC Environmental and Social Framework and Tools

8 7 Revised Performance Standards & Procedures  Introduced requirement to reduce energy/water intensity  Lowered GHG threshold for reporting to 25,000 tons CO2 equivalent per year  Increased attention to supply chain (labor and critical habitats)  Adopted Free Prior Informed Consent for Indigenous Peoples  Changes to Categorization System (both real sector and FIs)  Adopted new regime of information disclosure throughout the project cycle, including ESAP's implementation progress and DOTS.

9 8 Early E&S Risk Assessment and Screening Tool Country-level  National policy (international conventions, agricultural policy)  Legal framework/Enforcement (labor law, environmental regs, land rights/tenure)  Physical and human infrastructure (transport, health, education) Sector/Project-level  Workforce (wages, working conditions, sub-contractor suppliers)  Client reputation  Land ownership/tenure/disputes  Current and previous land use (no primary forest conversion)  Environmental assets/services (biodiversity, water, etc)

10 9 Thank You


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