IFAD welcomes the European Union’s commitment to a new impact fund targeting small agribusinesses across emerging markets

The European Union has committed €45 million to the establishment of a new impact fund that will boost investments in small rural agribusinesses across emerging markets. The agreement between IFAD and the EU was signed on 18 December 2018 at the High-Level Political Forum Africa -Europe in Vienna. Luxembourg and the Alliance for the Green Revolution in Africa (AGRA) have already committed €5 million and €4.3 million respectively to the new fund.