Innovative impact fund to create jobs for rural youth in developing countries

21 February, 2019

Original Source: DevelopmentAid

IFAD, along with the European Union, the African, Caribbean and Pacific Group of States (ACP), the government of Luxembourg and the Alliance for a Green Revolution in Africa (AGRA), launched the Agri-Business Capital (ABC) Fund to help rural entrepreneurs in the agricultural sector access the finance they need to grow their businesses and create jobs for poor rural people, in particular, young people.

The aim of the ABC Fund is to generate private sector investment in rural small and medium-sized enterprises (SMEs), farmers’ organizations and smallholder farmers’ groups which often find it hard to access finance from traditional institutions who view them as too risky.

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