GAFSP unveils $75 million investment to boost agricultural MSMEs

The Global Agriculture and Food Security Programme (GAFSP) has introduced a $75 million investment window aimed at mobilising private sector investments into smallholder farmers and agricultural MSMEs in low-income countries.

This new initiative, the Business Investment Financing Track (BIFT), seeks to address global food security challenges by supporting innovative financial solutions that benefit underserved segments of the agri-food system.

BIFT will help derisk private investments, particularly in regions vulnerable to climate change and supply chain disruptions. It will work through public-private partnerships, encouraging collaboration between investors, development banks, and civil society to foster transformative agricultural projects.

The pilot phase, running through June 2026, involves partnerships with institutions such as the African Development Bank (AfDB) and International Finance Corporation (IFC), focusing on smallholder farmers and early-stage agribusinesses.

Since 2010, GAFSP has deployed over $2.5 billion for global food security projects, benefiting more than 20 million people worldwide.

Attribution: World Bank

Subediting: M. S. Salama