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IFAD makes US$9mn investment in impact fund helping rural SMEs

IFAD makes US$9mn investment in impact fund

Field Notes, powered by KPMG, is a weekly news update on news nationally and globally from the agri-food sector.

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Ian Proudfoot

Global Head of Agribusiness, Partner - Audit

KPMG in New Zealand

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[28 April, Far Eastern Agriculture]

The International Fund for Agricultural Development have invested USD$9 million (approx. NZD$14.75 million) into blended capital fund Agri-Business Capital Fund (ABC). ABC helps small-scale farmers and small to medium sized rural enterprises in developing countries to create jobs and increase incomes. The investment comes at a particularly precarious time for vulnerable workers in developing countries due to the impacts of Covid-19. It has been reported that for many developing countries, there is a high potential for growth if the right resources are invested.

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