27 January 2017. The International Fund for Agricultural development (IFAD) and the Italian Ministry of Economy and Finance announced the establishment of the Smallholder Agriculture Finance and Investment Network (SAFIN).
The network aims to bridge an estimated US$150 billion gap in financing and investments necessary to enable small agricultural producers and businesses in developing countries to expand their operations and stabilize the rural economy. To mobilize these investments, SAFIN will coordinate activities between private, public and philanthropic investors and rural farmers and enterprises to address finance and investment challenges.
The network targets small and medium-size producers and enterprises that are considered too big for microfinance, yet too small to access regular credit and investment markets, a group often referred to as the “missing middle.” The initiative’s specific objectives are to: create a space for sharing best practices and knowledge among a diverse multi-stakeholder membership; leverage the collective knowledge of the members, and identify research and investment gaps; support and encourage innovation; and promote policy alignment, dialogue and joint progress towards an enabling environment for smallholder agriculture finance.
The conference aimed to advance global efforts in achieving SDG 1 (end poverty in all its forms everywhere) and SDG 2. The meeting followed-up on IFAD’s 2016 Rural Development Report, which assessed processes of rural transformation. Among other conclusions, the report found that while most developing countries are undergoing rapid processes of rural transformation, such processes are not always beneficial for the rural population. Inclusive rural transformation requires distinct agricultural policies as well as policy reforms, institutional innovations and investments.
AGRINATURA is a grouping of European universities and research organizations with a common interest in supporting agricultural development in a sustainable manner in order to improve people’s lives.
AGRINATURA brings its collective resources to work in partnership with international collaborators. It seeks to nurture scientific excellence through joint research, educational and training programmes and projects and advocates for greater support for agricultural research and educational programmes that contribute to the achievement of the Millennium Development Goals and the new agenda of Sustainable Development Goals.