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GAFSP Awards $254 Million for Country-Led Agriculture and Food Security Projects

In March, the Global Agriculture and Food Security Program (GAFSP) announced its third call for proposals for the Public Sector Window, ultimately awarding $254 million in grant funds to eight countries – including Feed the Future focus countries Honduras, Mali, Uganda and Zambia – for agriculture and food security projects. These grants bring GAFSP funding to a total of $912 million across 25 countries. The overall portfolio is expected to improve incomes and food security for more than 10 million people, mainly smallholder families and their families.

The successful country proposals were selected by the GAFSP Steering Committee from a very competitive pool of20 complete proposals. The fund’s Steering Committee is comprised of members from donor and recipient countries, as well as representatives from civil society organizations, supervising entities, and other stakeholders. Successful country proposals demonstrated a high level of need, a supportive policy environment and a comprehensive plan for agricultural development. 

GAFSP’s Private Sector Window also invested $55 million over the past year to support a range of activities including dairy and fruit processing, provision of warehouse financing to smallholder farmers, and commercial lending to agricultural small and medium enterprises.

As part of Feed the Future, the U.S. Department of the Treasury coordinates multilateral development bank support for food security, including contributions to GAFSP,and promotes rigorous monitoring and evaluation of multilateral development bank projects and GAFSP investments. Through both a public and private sector financing window, GAFSP aims to to address the underfunding of country and regional agriculture and food security strategic investment plans already being developed by countries in consultation with donors and other stakeholders at the country level. 

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