AGRI3 fund Technical Assistance facility launched

The USD 1 billion sustainable agriculture and forestry initiative AGRI3 and its IDH-managed Technical Assistance Facility are now officially up and running 

This news follows the announcement made on 23 January this year by the Dutch Government and Rabobank, at the World Economic Forum in Davos, confirming their combined USD 80 million anchor investment in support of the vehicle.

The AGRI3 Fund was created by UN Environment Programme and Rabobank, together with partner IDH and supported by FMO, the Dutch entrepreneurial development bank, to mitigate climate change. It is a blended finance vehicle intended to mobilize at least USD 1 billion in commercial finance, which can be used to finance sustainable agriculture and accelerate forest protection. It provides additional de-risking financial instruments and grants for technical assistance for food value chain actors, and, particularly, farmers.

A Technical Assistance (TA) Facility has been established to support investees. The AGRI3 TAF aims to help to develop an investment pipeline, support the enabling environment for investment, and accompany investments to reduce project risk and ensure environmental, social and governance impacts are maximized and monitored, in and beyond the supply chains and landscapes where IDH works.

The AGRI3 TA Facility is one of several partnerships IDH has with impact investment Funds that are aligned with IDH’s goals and objectives. The vision for this work is the establishment of sustainable land use investment as a new asset class. The overarching goal is to transform the global market for the benefit of people and the planet.