A new three year grant agreement for US $875,000 to support the Improving Capacity Building in Rural Finance (CABFIN) partnership was signed by the Food and Agriculture Organization of the UN (FAO) and the International Fund for Agricultural Development (IFAD).
11 February 2013: A new three-year grant agreement for US$875,000 to support the Improving Capacity Building in Rural Finance (CABFIN) partnership was signed by the Food and Agriculture Organization of the UN (FAO) and the International Fund for Agricultural Development (IFAD).
The grants will be used help smallholders access financial services through the development of new policy tools and training materials. The tools and lessons learned will be disseminated through the Rural Finance Learning Center (RFLC), a jointly supported web platform managed by FAO. The RFLC has provided support and advice to stakeholders since 2004 through its over 3,000 documents and resources for strengthening financial services to serve rural communities.
The CABFIN partnership is supported by the German International Development Cooperation (GIZ), the World Bank and the UN Capital Development Fund (UNCDF), as well as the FAO and IFAD. The partnership has sought to help local institutions learn from one another and offer financial products and risk management strategies. It has acted as a model for cooperation and coordination on rural finance and agricultural investment. [FAO Press Release] [CABFIN Partnership] [RFLC Learning Portal]