Clarmondial has been developing the Food Securities Fund in collaboration with several well-known agricultural industry players and investors. This first-of-kind blended finance product will address a market gap for affordable finance for experienced local agricultural stakeholders operating according to best practices in established value chains. The Food Securities Fund will create a more efficient, scalable credit channel between qualified investors and emerging market agricultural companies. Its structure also includes de-risking mechanisms, such as a partial guarantee from USAID’s Development Credit Authority.
The fund application was submitted to the Luxembourg supervisory authority for the financial sector (Commission de Surveillance du Secteur Financier – CSSF) on 24 October 2016.
For more information, please refer to the press release (available here).